BMO Capital Markets Sets $329 Price Target for Vertiv

BMO Capital Markets initiated coverage of Vertiv with an outperform rating and a $329 price target, indicating a potential 30% increase from the stock's Friday close. Analyst Daniel DiCicco described the company as a premium data center play, highlighting its capacity to deliver integrated power and thermal management solutions as facilities grow in scale and intensity.

Vertiv derives approximately 85% of its revenue from the data center sector. Company management estimates the total addressable market for this sector will grow between 18% and 20% annually.

This growth aligns with broader infrastructure trends in the United States. Data from Avison Young shows that $6 billion was spent on land for future data centers during the first half of 2026, marking a 79% increase compared to the previous year.