Is Vertiv Holdings Co. (VRT) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Vertiv Holdings Co. (VRT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Vertiv Holdings Co. currently has an average brokerage recommendation (ABR) of 1.22, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.22 approximates between Strong Buy and Buy.
Of the nine recommendations that derive the current ABR, eight are Strong Buy, representing 88.9% of all recommendations.
Brokerage Recommendation Trends for VRT
Check price target & stock forecast for Vertiv Holdings Co. here>>>