On July 31, Vertiv Holdings LLC rose 7.56% in regular trading, trading at $249.72/share, with turnover of $268 million. The rally was fueled by bullish research reports from UBS and Oppenheimer published the same day, reinforcing confidence in a post-earnings oversold recovery.
UBS noted that management attributed the Q2 revenue shortfall to supply chain congestion-related timing shifts, implying growth is expected to meaningfully recover in Q3. The brokerage reiterated its buy rating and $370 price target. Oppenheimer highlighted strengthening demand, pipeline growth across geographies, and accelerating July shipments tracking in line with H2 revenue guidance.
The stock had plunged over 17% on July 29 after Q2 revenue of $3.27 billion missed expectations of $3.38 billion, despite adjusted EPS of $1.52 beating the $1.42 consensus by a wide margin with 60% year-over-year growth. The company simultaneously raised full-year guidance, with revenue midpoint lifted to $14 billion versus the $13.88 billion estimate and adjusted EPS guided to $6.65-$6.75 versus $6.49 expected, providing strong support for the ongoing rebound.
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