10 AI News Stories You Can’t Miss

3. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 91

Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities.

On November 18, Mizuho raised the firm’s price target on Vertiv Holdings Co (NYSE:VRT) to $145 from $125 and kept an “Outperform” rating on the shares. The price target update follows the attendance of Mizuho analysts at Vertiv’s 2024 Investor Day in Atlanta, Georgia. Vertiv presented its financial and strategic goals, extending till year 2029. The firm highlights that the company’s long-term plans include higher-than-expected profit margins and organic growth. In particular, the analyst report suggests that Vertiv’s unique algorithm and ongoing momentum in artificial intelligence will continue to offer it a competitive advantage.