35 AI Superstars According to Goldman Sachs

13. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 92 

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. Mizuho analyst Brett Linzey recently upgraded the stock to Outperform from Neutral with a price target of $92, down from $95. In an investor note, the analyst detailed that the company’s operational footing was firm with free cash flow higher and leverage lower. The note added that order expectations had been reset while Vertiv’s product funnel remained robust with artificial intelligence optionality. Mizuho claimed the shares looked attractively valued on a variety of metrics, adding the risks keeping analysts on the sidelines had now become tailwinds.

Vertiv Holdings Co (NYSE:VRT) beat market expectations on earnings per share and revenue in the second quarter by $0.10 and $10 million respectively. This beat was driven by an increase in demand for AI products for hyperscale customers building data centers. The firm also recently declared a quarterly dividend of $0.025 per share, in line with previous. The forward yield was 0.13%. The firm has paid a dividend to shareholders for the past three years.