Vertiv Holdings LLC (VRT) saw its shares plummet 5.05% during intraday trading on Thursday, marking a notable pullback in the session.

The decline comes after the data-center infrastructure provider's stock had surged significantly following the release of exceptionally strong fourth-quarter earnings and a bullish outlook for 2026. Vertiv reported earnings per share of $1.36 on sales of $2.9 billion, beating Wall Street expectations of $1.29 per share. The company also reported remarkable order growth, with orders up 252% year over year and 117% sequentially from the third quarter of 2025.

Analysts have responded positively to Vertiv's performance, with multiple firms raising their price targets. Citigroup increased its target to $286 from $220, JP Morgan raised to $305 from $225, Mizuho lifted to $290 from $198, and Barclays boosted to $281 from $200, among others. The intraday decline likely represents profit-taking activity after the stock's substantial recent gains driven by these strong fundamentals and positive analyst sentiment.