Vertiv Holdings LLC (VRT) shares are soaring 5.18% in pre-market trading on Thursday, following the company's impressive third-quarter earnings report and a wave of analyst price target increases. The data center infrastructure provider has demonstrated strong financial performance and improved outlook, attracting positive attention from Wall Street.

Vertiv reported better-than-expected Q3 fiscal 2025 results on Wednesday. The company's net sales rose 29% year-over-year to $2.68 billion, surpassing the consensus estimate of $2.56 billion. Adjusted earnings per share came in at $1.24, significantly beating the consensus of $0.99. Following these strong results, Vertiv raised its full-year 2025 guidance. The company now expects adjusted EPS of $4.07-$4.13, up from the previous range of $3.75-$3.85, and above the consensus estimate of $3.81. Additionally, Vertiv increased its 2025 sales outlook to $10.16 billion-$10.24 billion, compared to the prior range of $9.93 billion-$10.08 billion.

The robust earnings and improved guidance have prompted several analysts to raise their price targets for Vertiv stock. Morgan Stanley lifted its target from $165 to $200, maintaining an Overweight rating. Barclays increased its target from $145 to $170, while Citigroup raised its target to $198 from $192, reiterating a Buy rating. Other notable upgrades came from UBS (target raised to $201 from $173) and TD Cowen (target increased to $210 from $162). This widespread analyst optimism is likely contributing to the stock's pre-market surge, as investors react positively to the company's strong performance and improved future prospects.