02:00 PM EST, 02/20/2025 (MT Newswires) -- Vertiv Holdings ( VRT ) is ready to quickly regain its footing, with orders and backlog gaining strength through 2026, UBS said in a note emailed Thursday.

UBS analysts see Vertiv ( VRT ) organic orders rising to $11.9 billion this year, compared with $9.8 billion during 2024, and reaching $12.6 billion in 2026, representing a 30% increase over the two years, as customers gear up to expand their data center and artificial intelligence capabilities.

UBS analysts expect orders to jump 20% in Q1 this year from Q4 in 2024.

The analysts also expect Vertiv's ( VRT ) backlog to "balloon" in future quarters, projecting a 13% increase during the current Q1, approaching $8 billion by the end of March from $7.2 billion on Dec. 31 and reaching $12 billion by the end of 2026.

There has been a strong historic correlation between Vertiv's ( VRT ) backlog and its share price, suggesting the stock could take off as the company provides the market with metrics detailing its future work, the analysts said.

UBS reiterated its buy rating for Vertiv ( VRT ) and a price target of $135.

Price: 103.18, Change: -4.67, Percent Change: -4.33