Vertiv Holdings LLC (VRT) stock surged 5.08% in pre-market trading on Thursday, following the company's impressive second-quarter earnings report and a wave of analyst price target upgrades. The global supplier of critical digital infrastructure saw its shares climb as investors responded positively to the company's record-breaking performance and raised full-year outlook.

Vertiv reported record GAAP revenue of $2,638 million for Q2 2025, marking a substantial 35.1% year-over-year increase and surpassing analyst expectations by 12.1%. The company's adjusted earnings per share also outperformed, rising 42% year-over-year to $0.95, beating analyst estimates by $0.12. This strong financial performance was driven by surging demand for data center solutions, particularly in the Americas and Asia Pacific regions.

In response to Vertiv's robust results, several major financial institutions raised their price targets for the company. JP Morgan increased its target price to $150 from $127, while Mizuho raised its target to $165 from $150. Citigroup and RBC also boosted their targets to $167 and $162, respectively. These upgrades reflect growing confidence in Vertiv's market position and future growth prospects. The company's record $8.5 billion backlog and raised full-year outlook, despite temporary margin pressures from tariffs and supply chain costs, further bolstered investor sentiment. As Vertiv continues to capitalize on accelerating trends in the digital infrastructure space, market watchers will be closely monitoring its ability to maintain this momentum in the coming quarters.