Does Vertiv Holdings Co (VRT) have a Robust Long-Term Outlook?

In its fourth-quarter 2025 capitalist letter, Hardman Johnston Global Equity Strategy highlighted Vertiv Holdings Co. (NYSE:VRT). Vertiv Holdings Co. (NYSE:VRT) provides captious integer infrastructure technologies and beingness rhythm services for information centers, connection networks, and commercialized and concern environments. The one-month instrumentality of Vertiv Holdings Co (NYSE:VRT) was 16.79%, and its shares gained 71.29% of their worth implicit the past 52 weeks. On January 27, 2026, Vertiv Holdings Co (NYSE:VRT) banal closed astatine $189.21 per share, with a marketplace capitalization of $72.342 billion.

Hardman Johnston Global Equity Strategy stated the pursuing regarding Vertiv Holdings Co (NYSE:VRT) successful its 4th fourth 2025 capitalist letter:

"During the 4th we initiated positions successful Cameco Corp., Citigroup Inc., Elanco Animal Health, Inc., HDFC Bank Ltd., and Vertiv Holdings Co (NYSE:VRT). We initially invested successful Vertiv opening successful 2020 erstwhile it IPO’d and exited successful 2025. Since our exit, we person been intimately pursuing the institution fixed the semipermanent secular information halfway infrastructure story. We re-entered the shares successful the second portion of 2025 fixed a correction successful the shares. As a reminder, the institution is simply a starring supplier of information halfway thermal and electrical instrumentality and is 1 of the fewer companies with a important planetary beingness successful some segments. Along with its planetary work network, this provides meaningful competitory advantages arsenic customers look for ample standard planetary AI information halfway buildouts. Recently, the institution reported a beardown Q3 people contempt elevated expectations, with the cardinal item being orders maturation of +60% y/y, notably achieved without worldly publication from respective precocious announced mega data-center deals. Accordingly, we updated our forecasts and are modeling an above-consensus gross outlook into 2026 and beyond, driven by continued spot successful hyperscale and AI-related capex upgrades. Longer term, the outlook remains robust. At the 2024 Investor Day, absorption referenced ~100GW of incremental data-center capableness additions from 2024–2029, a fig that has lone accrued since. At ~$3.0mm per MW and assuming a 20% share, 100GW implies ~$60bn of incremental Vertiv revenue, representing meaningful upside comparative to our above-consensus 2029 full income estimation of ~$23bn. In fact, fixed higher cooling/electrical intensity, absorption precocious accrued their contented estimates per MW to ~$3.5mm. We conservatively forecast ~23% operating margins by 2029, portion absorption continues to people ~25% margins implicit the mean term. On our updated estimates, Vertiv presented an charismatic accidental to re-enter a high-quality compounder with durable secular tailwinds and further borderline upside potential."