Updated consideration for VRT at the current price

I’m curious to people’s thoughts on VRT and where it is at the current price.

VRT itself seems like an amazing foundation business especially in this current atmosphere, given that it serves as the “pick and shovel” of the AI industry. Its cooling systems have been vital for the growth of many other big name tech stocks as well. At the same time, VRT is also venturing into other AI and tech related fields as well in an effort to expand its business. It had a great earnings on Feb 11, with beating estimates of 1.29 of EPS at 1.36, with 23% revenue growth and an expected 250% growth of new orders.

Its stock price though has increased in this past year of 180% and 160% in the past five years. Despite the recent overall market pull backs, VRT has not decreased that much. In addition, it actually gives dividends as well despite it sort of is marketed as a growth stock. It does have a high PE though of about 75-79.

I’m curious to people’s thoughts on whether this stock would be good for long term growth. I do worry if this is just a hype given it already has grown so much and given the high PE, but I imagine it has a pretty good moat.

Is there a possibility of a significant pull back for a better entry price? I just currently don’t see any potential catalysts for a dip so far…especially given how well it has survived the current Middle East war scare.

I would love to hear people’s thoughts on this one. Thanks!