Citigroup Issues Pessimistic Forecast for EQPT (NASDAQ:EQPT) Stock Price

EQPT (NASDAQ:EQPT) had its price target decreased by stock analysts at Citigroup from $31.00 to $25.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 15.20% from the company’s previous close.

A number of other brokerages also recently commented on EQPT. Zacks Research upgraded shares of EQPT to a “hold” rating in a research note on Wednesday, February 18th. KeyCorp started coverage on shares of EQPT in a research report on Tuesday, February 17th. They set a “sector weight” rating on the stock. Truist Financial lowered their price target on shares of EQPT from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday. Citizens Jmp assumed coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 price objective on the stock. Finally, Wall Street Zen raised shares of EQPT from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.50.

EQPT Price Performance

Shares of EQPT traded down $1.04 during midday trading on Friday, hitting $21.70. The stock had a trading volume of 2,613,519 shares, compared to its average volume of 1,316,375. EQPT has a 1 year low of $21.06 and a 1 year high of $35.50.

EQPT (NASDAQ:EQPT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion.

Key EQPT News

Here are the key news stories impacting EQPT this week:

• Positive Sentiment: Q4 results beat consensus: EPS $0.24 vs. $0.19 est. and revenue roughly $1.57B (MarketBeat reports the quarter topped EPS estimates and matched/edged revenue expectations) — this supported the post‑earnings rally. MarketBeat Earnings
• Positive Sentiment: Wall Street remains broadly constructive: broker consensus is around a “Moderate Buy” and several firms still carry buy/overweight/outperform ratings with material upside to current levels — supporting medium‑term bullish thesis. Brokerage Consensus
• Positive Sentiment: Insider buying noted (CFO purchased shares recently), which can be a modest positive signal on management confidence. Quiver Quant
• Neutral Sentiment: Full materials available: earnings call transcript, press release and slide deck were published — useful for parsing guidance, margin details, and lease/finance commentary that could change outlook. Earnings Call Transcript Press Release Slide Deck
• Negative Sentiment: Truist lowered its price target from $43 to $41 but kept a “Buy” rating — the cut tempers prior optimism and likely contributed to downward pressure. Truist/TickerReport
• Negative Sentiment: Wells Fargo trimmed its target from $41 to $35 while maintaining an “Overweight” stance — a notable downward revision that likely weighed on the stock intraday. Wells Fargo/Benzinga
• Negative Sentiment: Robert W. Baird cut its target from $63 to $55 but kept an “Outperform” rating — still a large upside number, but the reduction signals some moderation in expectations. Baird/TickerReport

About EQPT

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.