According to CNBC, BMO Capital Markets initiated coverage of Vertiv on Sunday with an outperform rating and a $329 price target, implying about 30% upside from Friday's close. Analyst Daniel DiCicco said demand for artificial intelligence data centers should keep pushing the stock higher, and he described Vertiv as a premium data center play that has risen more than 900% over the past five years. Vertiv provides digital infrastructure and hardware for data centers and other facilities, with data centers accounting for about 85% of revenue. DiCicco said shares have pulled back from their May peak and now offer an attractive entry point. He also said Vertiv is well positioned as data centers grow larger and more power-intensive, while demand for resilience and faster deployment continues to rise. Vertiv management has estimated its $75 billion total addressable market is growing 16% to 18% a year, with data centers expanding 18% to 20% annually. Shares of Vertiv are up nearly 56% year to date.