Latest news with #Kaplowitz
CNBC
6 days ago
- Business
- CNBC
GE Vernova poised for more upside after shares blow past Wall Street targets, analysts say
Wall Street analysts scrambled to keep up with GE Vernova this week, dramatically hiking their stock price targets after the power company's shares blew past expectations on a strong second quarter. Its shares rallied more than 14% on Wednesday to close at an all-time high, after raising its full-year guidance as robust power demand blunts the impact of President Donald Trump's tariffs. Its stock nearly doubled this year to book the second-best performance in the S & P 500. "Given what we viewed as elevated expectations ahead of GEV's 2Q25 earnings, we are somewhat surprised in the strength of GEV shares' outperformance," Citi analyst Andrew Kaplowitz told clients in a note published Wednesday. But rather than dismissing the rally as exuberance, Citi hiked its stock price target by $126 and now sees GE Vernova shares hitting $670, suggesting a modest upside of more than 6% over Wednesday's close. The company has the potential to sustain a much higher share price than Citi expected because it is a "prime beneficiary of growing global power demand," Kaplowitz said. Its gas turbines are in high demand from AI data center developers with its order backlog continuing to grow. Equipment orders jumped more than 135% "which gives more confidence in the 'stronger for longer' narrative in the global gas market," Wolfe Research analyst Nigel Coe told clients Wednesday. GE Vernova is also a leader in the development of small modular nuclear reactors , an emerging technology that could play a major role in the company's future. It is the first Western company to break ground on a commercial SMR with construction underway in Ontario. Its offshore wind power segment still faces challenges but appears "relatively contained and, for now, mainly overlooked given positive momentum elsewhere in the portfolio," Kaplowitz said. Bank of America was also bullish, bumping its price by $105 to set a target of $725 per share, implying 15% upside from Wednesday's close. Data centers placed $500 million of orders for the company's electric equipment in the first half of 2025, compared to $600 million in all of 2025, the bank noted. "We argue that a premium multiple is warranted given above-peer earnings growth and margin trajectory," BofA analyst Andrew Obin told clients in a Wednesday note. Wells Fargo, meanwhile, raised its price by a whopping $224 to a target of $674 per share, indicating upside 7% upside from Wednesday's close. This reflects favorable long-term tailwinds for GE Vernova and higher prices for its turbines and electric equipment supporting greater revenue, analyst Michael Blum told clients in a Thursday note. Wolfe Research, however, did sound a note of caution amid all the bullish sentiment on Wall Street: "There's a lot to like, but a lot is priced in," Coe said.
Business Insider
20-07-2025
- Business
- Business Insider
Quanta Services (PWR) Receives a Rating Update from a Top Analyst
Citi analyst Andrew Kaplowitz maintained a Buy rating on Quanta Services on July 17 and set a price target of $432.00. The company's shares closed last Friday at $403.31. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Kaplowitz covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Aecom Technology, and Flowserve. According to TipRanks, Kaplowitz has an average return of 29.9% and a 77.51% success rate on recommended stocks. Currently, the analyst consensus on Quanta Services is a Moderate Buy with an average price target of $375.39, a -6.92% downside from current levels. In a report released on July 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $452.00 price target. Based on Quanta Services' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.23 billion and a net profit of $144.26 million. In comparison, last year the company earned a revenue of $5.03 billion and had a net profit of $118.36 million
Business Insider
12-07-2025
- Business
- Business Insider
Selloff in Vertiv Stock (VRT) on Amazon's In-House Cooling Tech is ‘Overdone,' Say Top Analysts
On Thursday, Vertiv Holdings (VRT) stock fell about 6% after Amazon's (AMZN) cloud computing unit, Amazon Web Services (AWS), revealed its P6e-GB200 Ultra Servers equipped with liquid cooling infrastructure to support NVIDIA's (NVDA) Grace Blackwell SuperChip. The announcement raised concerns about the potential in-house production of cooling components by AWS. However, some analysts believe that the selloff in VRT stock seems 'overdone.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Analysts React to Impact on Vertiv from AWS' Potential Cooling Tech Citi analyst Andrew Kaplowitz backed his bullish thesis on Vertiv stock. The 5-star analyst stated that the liquid cooling market remains highly fluid, with AWS announcing its new P6e-GB200 Ultra Servers equipped with liquid cooling infrastructure. However, Kaplowitz thinks that it remains unclear to what extent AWS is producing liquid cooling components in-house versus partnering with suppliers. While Kaplowitz acknowledges investor concerns around the end market dynamics, he views the decline in Vertiv and nVent Electric (NVT) stocks as 'overdone.' Kaplowitz has a Buy rating on Vertiv stock with a price target of $130. Kaplowitz expects strong prior orders to support good near-term visibility for both Vertiv and nVent. The analyst believes that VRT's competitive advantages, including a market-leading portfolio in power and thermal management, as well as strong relationships with chip manufacturers, remain intact. While he expects such announcements to be made periodically due to the nascent nature of the liquid cooling market, he believes VRT remains poised to be a primary beneficiary of the expected liquid cooling ramp and views the pullback in the stock as a buying opportunity. He highlighted that VRT estimates the liquid cooling market growing from about 15% of the thermal market to 30% by 2027. Further, RBC Capital analyst Deane Dray, who also has a Buy rating on VRT stock, does not see original equipment electrical manufacturers like Vertiv and nVent Electric being 'disintermediated' following AWS' blog on its new tech. The 5-star analyst contends that this is not 'new news,' as AWS posted on June 11 that it was close to launching its custom system. Dray added that it is now common for hyperscalers to develop their own next-generation liquid cooling systems. In fact, electrical manufacturers like nVent provide critical development and test support to hyperscalers for custom systems. He concluded that any 'panic selling' in response to this news is overdone. Meanwhile, Barclays analyst Julian Mitchell sees the possibility of suppliers being involved in AWS's liquid cooling technology. Furthermore, the top-rated analyst believes that AWS is unlikely to be making the in-row heat exchanger hardware in-house. Mitchell reiterated a Hold rating on VRT stock. Is VRT a Good Stock to Buy? Overall, Vertiv Holdings stock scores a Strong Buy consensus rating based on 13 Buys versus two Hold recommendations. The average VRT stock price target of $125.27 indicates about 4% upside potential from current levels.
Yahoo
16-06-2025
- Business
- Yahoo
Citi Sees Big Upside in Vertiv (VRT)— Here's Why the Stock Now Has a $130 Price Target
Vertiv Holdings Co (NYSE:VRT) is one of the . On June 16, Andrew Kaplowitz from Citi maintained a 'Buy' rating on the stock with a price target of $130.00. The price target raise follows Vertiv's strong positioning in the growing data center market and its growth potential. In particular, Kaplowitz noted how the company is well-positioned to capitalize on the durable growth in AI and data center-related markets, which are anticipated to see global data center IT load growth of 14% CAGR through 2030. Since Vertiv boasts the potential to focus on innovation and self-help initiatives, it holds the ability to outgrow the industrial market. The firm is particularly confident about the company's strategy to mitigate tariff headwinds over time, with Vertiv anticipated to reach tariff-neutral status by the end of 2025. Citi believes that Vertiv's strong operational leverage and capital deployment opportunities will support 'a solid runway for ramping margin expansion over time.' This includes potential mergers and acquisitions or share repurchases, and is expected to support earnings growth. Based on these solid fundamentals and potential for improved performance, the firm has increased the EV/EBITDA target multiple and the target price for Vertiv's stock. Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. While we acknowledge the potential of VRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-06-2025
- Business
- Business Insider
Flowserve (FLS) Receives a Rating Update from a Top Analyst
In a report released on June 6, Andrew Kaplowitz from Citi maintained a Buy rating on Flowserve (FLS – Research Report). The company's shares closed last Friday at $48.87. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Kaplowitz is a top 25 analyst with an average return of 26.8% and a 72.63% success rate. Kaplowitz covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Fluor, and Rockwell Automation. Currently, the analyst consensus on Flowserve is a Strong Buy with an average price target of $62.25, representing a 27.38% upside. In a report released on June 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $59.00 price target.
