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Goldman Sachs Lowers its Price Target on EquipmentShare.com (EQPT) to $44
Yahoo Finance· 2026-03-30 16:45
Group 1 - EquipmentShare.com Inc. (NASDAQ:EQPT) is recognized as one of the 10 beaten down stocks that insiders are investing in [1] - Goldman Sachs has lowered its price target for EquipmentShare to $44 from $51 while maintaining a Buy rating, reflecting a positive long-term outlook on the company's market share growth in the construction equipment rental sector [1] - Truist has also reduced its price target for EquipmentShare to $41 from $43, maintaining a Buy rating, and noted a 35% growth in Q4 rental revenue, driven by customer demand and expansion efforts [2] - EquipmentShare reported Q4 adjusted EBITDA of $559 million, an increase from $418 million year-over-year, with revenue of $1.57 billion, slightly above the $1.55 billion consensus estimate [2] - CEO Jabbok Schlacks emphasized strong results in 2025, highlighting rental revenue growth and operational expansion, while expressing confidence in gaining market share through disciplined growth strategies [2] Group 2 - EquipmentShare provides construction equipment rental, sales, and technology solutions, indicating a diversified business model within the industry [3]
EquipmentShare (EQPT) Soars 33% on Market Debut
Yahoo Finance· 2026-01-24 12:21
Core Viewpoint - EquipmentShare.com Inc. (NASDAQ:EQPT) experienced a significant increase of 32.90% on its first day of trading, indicating strong investor interest and successfully raising $747.3 million in new funds [1][2]. Company Overview - EquipmentShare.com Inc. was founded in 2015 by brothers Jabbok and Willy Schlacks and operates in the construction equipment rental, sales, and technology services sector, facilitating connections between workers and construction equipment across job sites [3]. IPO Performance - The company opened its initial public offering (IPO) at $24.50, reached a peak price of $33 during the trading session, and closed at $32.56, reflecting a robust market debut [2][4]. Market Context - The IPO occurred amid strong investor interest in the property industry, driven by lower interest rates and anticipation of an interest rate cut by the Federal Reserve [4].