VRT - Despite Inflation and Supply Chain Challenges This IT Company Has a Bright Future
Vertiv Holdings (NYSE: VRT) went public in February 2020 following a spinoff from Emerson Electric (NYSE: EMR) and subsequent merger with GS Acquisition Holdings Corp II (NYSE: GSAH.U) . Vertiv is a data and IT company that primarily serves businesses across three end markets: data centers, communication networks, and commercial and industrial environments.
Despite challenges posed by rising inflation and a lagging global supply chain, the stock is up 43% year-to-date, handily topping the S&P 500 and its 25% gains so far. Can the market-beating gains continue? Let's dive in.
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Despite Inflation and Supply Chain Challenges, This IT Company Has a Bright Future