Alta Equipment Group Inc. (ALTG)
NYSE: ALTG · Real-Time Price · USD
6.56
-0.13 (-1.94%)
Sep 18, 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 123.63% from the current stock price of 6.56.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $10 $14.67 $12 $22
Change +52.44% +123.63% +82.93% +235.37%
* 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 '24May '24Jun '24Jul '24Aug '24Sep '24
Strong Buy 222222
Buy 000000
Hold 000011
Sell 000000
Strong Sell 000000
Total 222233

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 +82.93% Aug 13, 2024
Raymond James
Raymond James
Hold
Downgrades
$14$10
Hold Downgrades $14$10 +52.44% Aug 9, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$22$20
Strong Buy Maintains $22$20 +204.88% May 21, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Reiterates
$25$22
Strong Buy Reiterates $25$22 +235.37% Mar 15, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$22
Strong Buy Maintains $22 +235.37% Mar 15, 2024
More Analyst Ratings

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
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
557.40M873.60M1.21B1.57B1.88B1.97B2.02B2.05B
Revenue Growth
34.96%56.73%38.83%29.60%19.40%5.07%2.54%1.24%
EPS
-4.85-0.90-0.740.200.18-1.13-0.73-0.56
EPS Growth
-----8.29%---
Forward PE
--------
No. Analysts -----773
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
High
8.9%
8.4%
4.2%
Avg
5.1%
2.5%
1.2%
Low
-0.4%
-3.4%
-2.8%

EPS Forecast

EPS 202420252026
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 202420252026
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.