Vertiv Holdings falls after Barclays cuts PT

Shares of Vertiv Holdings VRT.N down ~10% to $82.37 after Barclays analysts slashed their price target on the data center technology provider

VRT is on track for biggest daily pct decline since Jan. 27

"We are concerned that Q1 orders, when taken in conjunction with the orders rates of recent quarters, will not be supportive of bulls' hopes for a high teens/20%+ sales growth

rate in 2026," said Barclays analysts led by Julian Mitchell

"2025 EPS guidance can likely come up due to FX tailwinds and the organic sales backlog entering the year," Mitchell added

Barclays cut VRT PT to $100 from $111 but retained "equal weight" rating

Among 22 analysts covering VRT, the avg rating is "BUY" and median PT is $139.50

VRT is down ~28% YTD vs ~10% drop in S&P 500 technology index .SPLRCT