Vertiv's Earnings Estimates Raised By Analyst Amid Improved Margin Outlook

BofA Securities analyst Andrew Obin reiterated the Buy rating on Vertiv Holdings VRT, with a price forecast of $150.Obin writes that, management has revised its organic revenue growth forecast to a 12%-14% CAGR from 2024 to 2029, up from a previous range of 8%-11%.This compares to BofA and consensus estimates of a 14% CAGR from 2024-2027.The analyst attributes the revision to potential industry-wide constraints, such as electricity availability and skilled labor shortages.Vertiv’s capital expenditure is pro ...