Vertiv's stock surged 14.6% after the company impressed investors with its long-term growth outlook at an event in Atlanta. The data center infrastructure provider raised its sales and profit margin targets through 2029, expecting 12% to 14% annual revenue growth and 25% operating margins. Vertiv also increased its annual dividend by 50%. Following the event, at least six Wall Street analysts raised their price targets for Vertiv, citing its competitive strengths in infrastructure bottlenecks and strong demand in the hyperscale data center market.
Despite a 150% surge in Uber's stock last year, Bernstein analyst Nikhil Devnani believes the stock chart may appear "scary," especially with rising expectations ahead of the company's earnings report and investor event. However, he suggests that taking a longer-term view reveals solid fundamentals, strong cash generation, and market leadership, making the stock more attractive. Devnani advises investors to consider the success of category winners like Meta Platforms and Amazon, and maintains an outperform rating with a $70 target, nearly in line with the current price.
FedEx has announced a 44 cents increase in its annual payout to shareholders, raising it to $5.04. The logistics giant's move has boosted investor confidence ahead of its upcoming investor event.
FedEx has announced a 44 cents increase in its annual payout to shareholders, raising it to $5.04. The logistics giant's move has boosted investor confidence ahead of its upcoming investor event.
