EQPT Stock Drops 7.4% After Analyst Downgrade

Citigroup lowers price target on the equipment rental company's shares

Published on Mar. 9, 2026

Got story updates? Submit your updates here. ›

Shares of EQPT (NASDAQ:EQPT), an equipment rental company based in Columbia, Missouri, fell 7.4% on Monday after investment bank Citigroup lowered its price target on the stock from $35 to $31. Citigroup maintained a neutral rating on the stock.

Why it matters

The analyst downgrade and resulting stock price decline highlight the volatility and uncertainty facing EQPT and the broader equipment rental industry. Investors will be closely watching how the company navigates macroeconomic headwinds and competition in the sector.

The details

EQPT's stock price dropped to as low as $25.63 per share on Monday, a 7.4% decline from the previous close of $27.82. Trading volume was also down significantly, with just 395,219 shares changing hands compared to the average of 1,288,287 shares. Several other analysts have also recently weighed in on EQPT, with UBS Group and Truist Financial initiating coverage with neutral and buy ratings, respectively.

  • EQPT stock fell 7.4% on Monday, March 9, 2026.

The players

EQPT

EquipmentShare.com Inc, an equipment rental company based in Columbia, Missouri.

Citigroup

A major investment bank that lowered its price target on EQPT stock from $35 to $31 while maintaining a neutral rating.

Got photos? Submit your photos here. ›

The takeaway

The analyst downgrade and stock price decline for EQPT highlight the challenges facing the equipment rental industry, as investors closely watch how the company navigates macroeconomic conditions and competitive pressures.