On August 4, Vertiv Holdings LLC rose 3.75% in regular trading, trading at approximately $272.31 per share, with turnover of $178 million. The stock continues its recovery after falling nearly 14% on July 29 following a Q2 revenue miss.
The rebound is supported by multiple bullish investment bank reports. UBS noted that management attributed the Q2 revenue shortfall to timing shifts caused by supply chain congestion, with growth expected to meaningfully recover in Q3. UBS reiterated its buy rating and $370 price target. Oppenheimer highlighted strengthening demand, a broadening pipeline, and accelerating sales cycles that increase confidence in robust orders and backlog.
Despite Q2 revenue of $3.27 billion missing the $3.38 billion consensus, adjusted EPS of $1.52 beat expectations of $1.42. Vertiv raised full-year guidance with revenue midpoint at $14 billion versus the FactSet estimate of $13.88 billion, and adjusted EPS guidance midpoint of $6.70 versus the $6.49 estimate, reinforcing fundamental confidence.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments