Vertiv Holdings stock (VRT) will be included in the S&P 500 index by March 23, and the development has raised fresh enthusiasm in the AI industry. The announcement made VRT surge in value, and it is up nearly 9% in a week.
The inclusion in the S&P 500 index could change the fortunes of Vertiv stock, which is already up nearly 54% year-to-date. An investment of $1,000 has turned into $1,500 in less than three months, despite the market volatility.
Also Read: Oracle Stock Jumps 9% After Earnings as AI Backlog Hits $553B
Vertiv Stock in the S&P 500 Index: Should You Invest Now?
The majority of Wall Street analysts have given Vertic stock a ‘strong buy’ call in March. VRT is currently trading at the $270 range, rising from the $175 mark since January. The stock is steadily scaling up in the indices and did not budge during the AI spending crisis and the Iran-Israel conflict.
Wall Street analysts from Barchart have given a short-term price target of $305 for Vertiv stock. That’s another $35 profit per share from its current price of $270. That’s a surge of approximately 13%, and an investment of $1,000 could turn into $1,130. That’s good profit for the short-term, as not every asset can generate double-digit returns.
The AI boom could help Vertiv stock remain a strong long-term contender that can deliver profits. It provides the necessary infrastructure for data centers, including energy and cooling systems. It would be the biggest beneficiary of the next-gen technology, making it the leading service provider.
The upcoming inclusion in the S&P 500 index will only lead to more investments in Vertiv stock. Therefore, taking an entry position now and waiting for the March 23 integration could reap the rewards. The global AI shift might bring laurels for traders who hold the stocks for the next five to 10 years.