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

Benzinga11-20 03:23

BofA Securities analyst Andrew Obin reiterated the Buy rating on Vertiv Holdings (NYSE:VRT), with a price forecast of $150. Obin writes that, management has revised its organic revenue growth forecast...

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EPS estimate by $0.10 to $3.60 (+33% year over year), driven largely by faster revenue growth.\nObin raised the 2026 adj. EPS estimate by $0.15 to $4.40 (+22% year over year).\nThe analyst also raised the dividend forecast to reflect the 50% increase to $0.15/share annualized rate in conjunction with the Investor Day.\nPrice Action: VRT shares are trading higher by 10.9% to $136.49 at last check Tuesday.\nRead Next: \n\nRaoul Pal Bullish On Solana And Memes: ‘Dogecoin Does Nothing, Does Nothing And Then Explodes’\n\nLatest Ratings for VRT\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nFeb 2022\nMizuho\nMaintains\n\nNeutral\n\n\nFeb 2022\nDeutsche Bank\nMaintains\n\nBuy\n\n\nFeb 2022\nCowen & Co.\nDowngrades\nOutperform\nMarket Perform\n\n\n\n View More Analyst Ratings for VRT \n View the Latest Analyst Ratings \nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article Vertiv's Earnings Estimates Raised By Analyst Amid Improved Margin Outlook originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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