Key takeaways

  • Bernstein increased its price target for Vertiv (NYSE: VRT) to $376, implying significant upside potential for the data center infrastructure provider.
  • The company reported strong third-quarter 2026 financial results, with net sales of $4.31 billion and adjusted earnings of $2.21 per share, both exceeding analyst estimates.
  • Vertiv also raised its full-year sales forecast to $14.45 billion–$14.85 billion and adjusted earnings forecast to $7.10–$7.20 per share, driven by robust organic order growth.

Bernstein raised its price target for Vertiv to $376 from $368. The stock traded at $242.88 when the target was published, implying about 54.8% upside if it reaches Bernstein’s new target. Vertiv makes power, cooling and other infrastructure systems for data centers.

The higher target follows strong third-quarter 2026 results. Vertiv’s net sales rose 61% from a year earlier to $4.31 billion, above the $3.75 billion analyst estimate. Organic sales, which exclude the effect of acquisitions, grew about 55%. Acquisitions added another 6 percentage points to sales growth.

Adjusted earnings reached $2.21 per share, above the $1.82 analyst estimate. Adjusted operating margin rose by 290 basis points to 25.2%, meaning Vertiv kept more profit from each dollar of sales. Adjusted free cash flow, the cash available after operating costs and capital spending, climbed 50% to $652 million, as highlighted by GuruFocus.

Vertiv also raised its full-year sales forecast by $650 million to $14.45 billion–$14.85 billion and now expects adjusted earnings of $7.10–$7.20 per share. Organic orders more than doubled from a year earlier. That demand, along with the higher forecasts, provides context for Bernstein’s increased price target, though the target remains well above the published trading price.