Citigroup Lowers EQPT Stock Price Target

Analysts cite neutral rating and reduced price objective for equipment rental company.

Mar. 9, 2026 at 3:52pm

Got story updates? Submit your updates here. ›

Citigroup has lowered its price target for shares of EQPT (NASDAQ:EQPT) from $35.00 to $31.00, while maintaining a 'neutral' rating on the stock. The brokerage firm cited the adjustment in a research note issued on Monday.

Why it matters

EQPT, an equipment rental and technology company based in Columbia, Missouri, has seen its stock price fluctuate as analysts assess its growth prospects. Citigroup's revised target suggests a more cautious outlook, which could impact investor sentiment around the company.

The details

In its research note, Citigroup said the new $31.00 price target represents a potential upside of 18.50% from EQPT's current trading price. The firm's previous target was $35.00. Several other brokerages have also weighed in on EQPT, with Truist Financial, Zacks Research, Goldman Sachs, and KeyCorp providing a mix of 'buy' and 'hold' ratings along with price targets ranging from $36.00 to $51.00.

  • Citigroup issued its updated research note on EQPT on Monday, March 9, 2026.

The players

EQPT

EquipmentShare.com Inc, a provider of integrated construction solutions including equipment rental, sales and technology, based in Columbia, Missouri.

Citigroup

A major global investment bank and financial services corporation.

Got photos? Submit your photos here. ›

The takeaway

Citigroup's reduced price target for EQPT stock suggests a more cautious outlook on the equipment rental company's near-term prospects, potentially impacting investor sentiment despite the firm's 'neutral' rating. The mixed analyst views on EQPT highlight the uncertainty surrounding the company's growth trajectory.