VRT stock price history
Vertiv began trading on the NYSE as VRT on 10 February 2020 after its SPAC combination with GS Acquisition Holdings. In its early public-market period, the stock was hit by the March 2020 pandemic selloff; one widely used historical-price dataset shows a low of $5.55 on 18 March 2020.
The longer-term move has been dramatic. That same historical-price source shows VRT returning 66.5% in 2020, 34.9% in 2021, then falling 43.9% in 2022 before rebounding 261.3% in 2023, 149.2% in 2024, and another 37.1% in 2025. By March 2026, the stock had reached a new closing high of around $270.06 on 10 March 2026, while the latest price available in this session is $258.88 as of 13 March 2026.
That rerating broadly matches the market’s shift in how it views Vertiv: from a cyclical infrastructure supplier to a key enabler of the AI data-centre buildout, especially in power and thermal management. Recent coverage around Vertiv’s planned S&P 500 inclusion also underscores how far the stock’s profile has risen during the AI rally.
Data centre market growth drivers
The main growth engine is AI. The IEA said in April 2025 that global electricity demand from data centres is set to more than double by 2030 to around 945 TWh, with demand from AI-optimised data centres projected to more than quadruple. In the US, data centres are on course to account for almost half of electricity-demand growth through 2030.
Consulting estimates point in the same direction. McKinsey wrote in May 2025 that data-centre capacity demand could rise from 82 gigawatts in 2025 to 219 gigawatts by 2030, with AI workloads driving most of the increase, and that the sector may require $6.7 trillion of global investment by 2030.
Vertiv itself says the market backdrop remains supportive: in its 2025 shareholder letter, the company projected the overall data-centre market to grow at a 10%-13% CAGR over five years, with cloud and colocation growing even faster at 15%-17%. That matters because those segments are major buyers of the company’s power, cooling, and integrated infrastructure products.
Vertiv share price key metrics: revenue, margin expansion, order backlog
Vertiv’s recent financial metrics help explain the stock’s strength. In full-year 2025, the company reported $10.23 billion in net sales, up from $8.01 billion in 2024. Operating profit rose to $1.83 billion from $1.37 billion, while operating margin improved to 17.9% from 17.1%.
Margin expansion has become a central part of the equity story. In the 2024 shareholder letter, Vertiv said adjusted operating margin expanded about 410 basis points to 19.4% in 2024. Then, in Q4 2025, adjusted operating margin reached 23.2%, up 170 basis points year over year.
Backlog and orders have also accelerated sharply. Vertiv reported that Q4 2025 organic orders rose about 252% year over year, the book-to-bill ratio was about 2.9x, and backlog climbed to $15.0 billion, up 109% from a year earlier. For context, backlog had already reached a then-record $5.5 billion at the end of 2023, and the 2024 annual report put year-end 2024 backlog at $7.2 billion.
Those figures suggest investors are rewarding not just AI enthusiasm, but also tangible operating leverage, stronger cash generation, and unusually strong order visibility.
VRT share price analyst coverage and price targets
Analyst sentiment appears broadly constructive, though price-target data now looks more mixed because the stock has rallied so quickly. Yahoo Finance’s analyst snapshot shows an average target of about $267.83, with a $155 low and $320 high. (Source: Yahoo Finance)
Other aggregators show lower averages. StockAnalysis lists 15 analysts with a consensus Buy rating and an average target of about $216.87, while MarketBeat shows 23 analysts with an average target of about $230.28 and a high target of $290. (Source: Stock Analysis)
Recent individual target changes have skewed higher. MarketBeat’s March 2026 news summary says Mizuho raised its target to $290 after earnings, while Morgan Stanley maintained $285. The practical takeaway is that coverage remains positive, but consensus targets may lag the share price when momentum stocks re-rate this quickly. (Source: Market Beat)
Key takeaways:
- Vertiv listed on the NYSE in 2020 through a SPAC merger and experienced significant volatility early in its public trading history.
- The stock surged during the AI and cloud infrastructure boom between 2023 and 2025, reflecting strong demand for data-centre equipment.
- Global data-centre electricity consumption and capacity demand are projected to grow rapidly through the end of the decade, supporting infrastructure providers like Vertiv.
- The company has reported strong revenue growth, margin expansion, and increasing order backlog, which have helped drive investor confidence.
- Analyst coverage of Vertiv is generally positive, though price targets vary widely due to the rapid appreciation of the stock.
- Vertiv’s future performance is closely linked to AI infrastructure spending, hyperscale data-centre expansion, and global digitalisation trends.
* Past performance does not reflect future results. The above is for marketing and general informational purposes only, and are only projections and should not be taken as investment research, investment advice or a personal recommendation.
FAQs
Vertiv’s stock has benefited from growing investor interest in companies tied to the AI and cloud computing infrastructure boom. As hyperscale data centres expand, demand for power and cooling technology, Vertiv’s core products, has increased.
Vertiv became publicly traded in February 2020 after merging with GS Acquisition Holdings, a special purpose acquisition company (SPAC). The combined company began trading on the NYSE under the ticker VRT.
Vertiv provides critical infrastructure technologies, including power management systems, cooling solutions, and IT management tools that ensure data centres operate reliably and efficiently.
Yes. Industry forecasts suggest rapid growth in global data-centre capacity and electricity demand, driven by AI workloads, cloud computing, and digital services.