This AI stock has soared 1,600% in three years — and Deutsche Bank predicts more gains

Data-center technology provider Vertiv Holdings Co. has been a big winner as artificial intelligence has proliferated. But Deutsche Bank says investors who missed out on the stock’s 1,600%-plus rally over the past three years can still get in on future gains — though not quite at the same magnitude.

Admittedly, Vertiv’s stock

VRT is expensive relative to recent historical levels, at least when you look simply at how it trades relative to forward earnings. Deutsche Bank’s Nicole DeBlase noted it trades at a ratio of 39x, versus its 32x one-year median.