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Opinions Jim Cramer - Mad Money
Vertiv HoldingsVRTBUYOct 30, 2023
Jim Cramer - Mad MoneyUnknown
$38.28
Stock price when the opinion was issued
$336.82
As of Jun 18, 2026. Market Open.
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BUY
Activist Starboard Value recently bought some cloud computing companies including this. They supply data centres. Shares have been crushed with cloud computing stocks. He's followed this for a long time. They've been wrecked by supply chain problems, yet didn't raise their prices. The stock has been a disaster. However, the supply chain is getting better, and the stock will bounce back because of the CEO.
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DON'T BUY
It went public via SPAC two years ago. Unlike most SPACs, VRT was profitable. However, today it reported very disappointing numbers and forecast. Shares fell 37% today. Execution, demand and the end market weren't the causes. Rather, raw costs spun out of control due to supply chain issues, and therefore couldn't sell enough product. It's an example of out-of-control inflation now.
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They make the best products under a good, new CEO and were able to raise prices.