Alta Equipment Group Inc. (ALTG)
NYSE: ALTG · Real-Time Price · USD
6.65
+0.05 (0.76%)
Dec 20, 2024, 4:00 PM EST - Market closed
Alta Equipment Group Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for ALTG stock have an average target of 15.75, with a low estimate of 9.00 and a high estimate of 22. The average target predicts an increase of 136.84% from the current stock price of 6.65.
Analyst Consensus: Buy
* Price targets were last updated on Nov 14, 2024.
Analyst Ratings
The average analyst rating for ALTG stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Hold Maintains $10 → $9 | Hold | Maintains | $10 → $9 | +35.34% | Nov 14, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy → Hold Downgrades $30 → $20 | Buy → Hold | Downgrades | $30 → $20 | +200.75% | Nov 13, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $20 → $12 | Strong Buy | Maintains | $20 → $12 | +80.45% | Aug 13, 2024 |
| Raymond James | Raymond James | Buy → Hold Downgrades $14 → $10 | Buy → Hold | Downgrades | $14 → $10 | +50.38% | Aug 9, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $22 → $20 | Strong Buy | Maintains | $22 → $20 | +200.75% | May 21, 2024 |
Financial Forecast
Revenue This Year
1.91B
from 1.88B
Increased by 1.98%
Revenue Next Year
1.96B
from 1.91B
Increased by 2.46%
EPS This Year
-1.82
from 0.18
EPS Next Year
-1.03
from -1.82
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.2B | ||
| Avg | 1.9B | 2.0B | 2.1B | ||
| Low | 1.8B | 1.8B | 1.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.7% | 8.4% | 11.4% | ||
| Avg | 2.0% | 2.5% | 4.9% | ||
| Low | -3.1% | -3.7% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.39 | -0.55 | -0.35 |
| Avg | -1.82 | -1.03 | -0.34 |
| Low | -1.95 | -1.23 | -0.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.