Vertiv Holdings Co. (NYSE:VRT) is named one of the top 10 Data Center Cooling Companies to Invest In by Citigroup. The financial services firm increased the price target from $198 to $220, maintaining a Buy rating on the stock, representing an 11.11% upside potential. Analyst Andrew Kaplowitz issued the rating.

Vertiv Holdings Co. (NYSE:VRT) acquired PurgeRite for around $1 billion on December 4th, enhancing its thermal management services for AI and high-density computing data centers. The integration aims to improve equipment efficiency, heat transfer, and reduce downtime, positioning Vertiv well for market opportunities with analysts projecting 28% revenue growth.

CEO Gio Albertazzi highlighted the benefits of the acquisition, stating that PurgeRite’s expertise in fluid management complements Vertiv’s portfolio, enhancing support for high-density computing and AI applications. Vertiv operates as a critical digital infrastructure technology provider for various environments, offering thermal management, power management, and integrated rack systems.

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Read more at Yahoo Finance: Vertiv Holdings Co. (VRT) Is Set to Benefit from its Acquisition of PurgeRite