Vertiv Holdings (VRT) could see upside to its 2030 targets, with investments in new platforms and manufacturing capacity keeping the company in "hyper-growth mode," RBC Capital Markets said in a Thursday note.

RBC estimates Vertiv growing its topline by at least 20% to 25% organically through 2030, yielding a compound annual growth rate of over mid-to-high 20s for earnings per share, according to the note.

Hyperscalers' capital expenditures are expected to drive the company's potential growth, with 12 years of implied US datacenter construction backlog maintaining the sector's dynamic of demand outstripping supply, RBC said.

Vertiv is expected to feature its datacenter power/cooling technology for data center architecture at its upcoming investor meeting, the investment firm added.

RBC raised its price target on Vertiv to $435 from $356, with an outperform rating.

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