Alta Equipment Group Inc. (ALTG)
NYSE: ALTG · IEX Real-Time Price · USD
11.59
-0.23 (-1.95%)
At close: May 8, 2024, 4:00 PM
11.53
-0.06 (-0.52%)
After-hours: May 8, 2024, 4:17 PM EDT
Alta Equipment Group Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for ALTG stock have an average target of 22, which predicts an increase of 89.82% from the current stock price of 11.59.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 15, 2024.
Analyst Ratings
The average analyst rating for ALTG stock from 2 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $25 → $22 | Strong Buy | Reiterates | $25 → $22 | +89.82% | Mar 15, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $22 | Strong Buy | Maintains | $22 | +89.82% | Mar 15, 2024 |
| Raymond James | Raymond James | Buy Maintains $19 → $22 | Buy | Maintains | $19 → $22 | +89.82% | Mar 10, 2023 |
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $25 | Buy | Initiates | $25 | +115.70% | Sep 23, 2022 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Nov 12, 2021 |
Financial Forecast
Revenue This Year
2.01B
from 2.01B
Increased by 0.15%
Revenue Next Year
2.13B
from 2.01B
Increased by 5.83%
EPS This Year
0.29
from 0.18
Increased by 62.45%
EPS Next Year
0.62
from 0.29
Increased by 111.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.1B | 2.2B | 2.3B | 2.3B | 2.4B |
| Avg | 2.0B | 2.1B | 2.2B | 2.3B | 2.4B |
| Low | 1.9B | 2.0B | 2.1B | 2.2B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.9% | 10.4% | 6.3% | 6.7% | 6.8% |
| Avg | 0.1% | 5.8% | 3.2% | 3.6% | 3.7% |
| Low | -5.9% | -0.2% | -0.8% | -0.4% | -0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.59 | 0.95 | 0.43 |
| Avg | 0.29 | 0.62 | 0.42 |
| Low | -0.05 | 0.21 | 0.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 226.7% | 223.2% | -30.5% |
| Avg | 62.4% | 111.9% | -32.5% |
| Low | - | -29.6% | -35.2% |
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.