$VRT Initiated Outperform at BMO With $329 Target on Expanding Data Center Content Per Megawatt

BMO Capital initiated coverage on Vertiv Holdings ($VRT) with an Outperform rating and a $329 price target, citing the company's commanding footprint across digital infrastructure and expanding addressable market. Data centers currently account for approximately 85% of Vertiv's total revenue, generating roughly $3.5 million of hardware and equipment content per megawatt deployed.
Analysts project that content monetization will continue to rise as artificial intelligence workloads accelerate rack density. Higher thermal and electrical demands require advanced liquid cooling architectures and power conversion systems, allowing Vertiv to extract more dollar value from every new megawatt built out across hyperscale and colocation facilities.