Alta Equipment Group Inc. (ALTG)
NYSE: ALTG · Real-Time Price · USD
6.66
-0.07 (-1.04%)
Sep 20, 2024, 4:00 PM EDT - Market closed
Alta Equipment Group Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ALTG stock have an average target of 14.67, with a low estimate of 10 and a high estimate of 22. The average target predicts an increase of 120.27% from the current stock price of 6.66.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 13, 2024.
Analyst Ratings
The average analyst rating for ALTG stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy Maintains $20 → $12 | Strong Buy | Maintains | $20 → $12 | +80.18% | Aug 13, 2024 |
| Raymond James | Raymond James | Buy → Hold Downgrades $14 → $10 | Buy → Hold | Downgrades | $14 → $10 | +50.15% | Aug 9, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $22 → $20 | Strong Buy | Maintains | $22 → $20 | +200.30% | May 21, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $25 → $22 | Strong Buy | Reiterates | $25 → $22 | +230.33% | Mar 15, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $22 | Strong Buy | Maintains | $22 | +230.33% | Mar 15, 2024 |
Financial Forecast
Revenue This Year
1.97B
from 1.88B
Increased by 5.07%
Revenue Next Year
2.02B
from 1.97B
Increased by 2.54%
EPS This Year
-1.13
from 0.18
EPS Next Year
-0.73
from -1.13
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.1B | ||
| Avg | 2.0B | 2.0B | 2.0B | ||
| Low | 1.9B | 1.9B | 2.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.9% | 8.4% | 4.2% | ||
| Avg | 5.1% | 2.5% | 1.2% | ||
| Low | -0.4% | -3.4% | -2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.03 | -0.45 | -0.58 |
| Avg | -1.13 | -0.73 | -0.56 |
| Low | -1.29 | -1.00 | -0.54 |
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.