EQPT (NASDAQ:EQPT) Given New $35.00 Price Target at Wells Fargo & Company

EQPT (NASDAQ:EQPT) had its target price lowered by Wells Fargo & Company from $41.00 to $35.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird reduced their price target on shares of EQPT from $63.00 to $55.00 and set an “outperform” rating for the company in a report on Friday. Wall Street Zen raised shares of EQPT from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Truist Financial started coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a “buy” rating and a $43.00 price objective on the stock. 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 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

EQPT Price Performance

Shares of EQPT stock opened at $21.80 on Friday. EQPT has a twelve month low of $21.06 and a twelve month high of $35.50.

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

EQPT News Roundup

Here are the key news stories impacting EQPT this week:

• Positive Sentiment: Q4 results beat EPS estimates and revenue was roughly in line — EQPT reported $0.24 EPS vs. $0.19 consensus and ~ $1.57B in revenue, supporting the company’s underlying performance. MarketBeat Earnings
• Positive Sentiment: Insider buying was reported (CFO purchased shares recently), a modest signal of insider confidence. Quiver Quantitative
• Neutral Sentiment: Analyst consensus still skews positive overall (average recommendation ~ “Moderate Buy”), so the cuts reflect lower targets more than widespread downgrades to sell. American Banking News
• Neutral Sentiment: Investors can review the Q4 earnings call transcript and slide deck for management commentary on margins, fleet utilization and growth outlook. Seeking Alpha Transcript
• Negative Sentiment: Citigroup cut its price target from $31 to $25 and moved to a “neutral” rating — this downgrade is a direct negative catalyst for today’s selling pressure. Benzinga TickerReport
• Negative Sentiment: Wells Fargo trimmed its target from $41 to $35 but kept an “overweight” stance — a signal that upside is being re‑priced lower across brokers. Benzinga
• Negative Sentiment: Truist lowered its target slightly (to $41) while maintaining a “buy” rating — another reduction that still leaves a large nominal upside but contributes to the downward momentum. Benzinga TickerReport
• Negative Sentiment: Robert W. Baird cut its target from $63 to $55 but kept an “outperform” rating — a large downward adjustment that may prompt profit‑taking from momentum investors. Benzinga 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.