Vertiv Holdings (VRT) is seeing strengthening demand and a broadening pipeline as it scales its integrated infrastructure offerings, giving the company greater confidence in a robust 2026 outlook, Oppenheimer said Wednesday in a report.
Vertiv's Q2 performance reflects steady progress in rolling out more complex integrated products, supported by three years of steady improvement as the company adapts to rapid growth, the report said.
Pipeline growth across different geographies and product categories, along with accelerating sales cycles, has increased management's confidence in strong 2026 orders and backlog, Oppenheimer said.
Management also highlighted better handling of higher-complexity projects in Q2, with accelerating July shipments tracking in line with Vertiv's guided H2 revenue outlook, the report said.
For 2026, Vertiv raised its revenue guidance to $13.8 billion to $14.2 billion from $13.5 billion to $14 billion, and lifted its adjusted EPS outlook to $6.65 to $6.75, up $0.35 from prior guidance, the report said.
Oppenheimer lowered its price target on Vertiv stock to $325 from $353 and maintained its outperform rating.
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