Truist Financial Has Lowered Expectations for EQPT (NASDAQ:EQPT) Stock Price

EQPT (NASDAQ:EQPT) had its target price decreased by equities researchers at Truist Financial from $43.00 to $41.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 88.07% from the company’s current price.

A number of other research firms have also commented on EQPT. Citizens Jmp began coverage on EQPT in a research note on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective on the stock. KeyCorp started coverage on EQPT in a report on Tuesday, February 17th. They issued a “sector weight” rating for the company. UBS Group began coverage on shares of EQPT in a research report on Tuesday, February 17th. They set a “neutral” rating and a $36.00 price target on the stock. Citigroup decreased their price objective on shares of EQPT from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Finally, Zacks Research raised shares of EQPT to a “hold” rating in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.50.

EQPT Price Performance

NASDAQ:EQPT opened at $21.80 on Friday. EQPT has a 1 year low of $21.06 and a 1 year high of $35.50.

EQPT (NASDAQ:EQPT) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion.

Key Headlines Impacting EQPT

Here are the key news stories impacting EQPT this week:

• Positive Sentiment: Q4 results beat EPS estimates and revenue was roughly in line — EQPT reported $0.24 EPS vs. $0.19 consensus and ~ $1.57B in revenue, supporting the company’s underlying performance. MarketBeat Earnings
• Positive Sentiment: Insider buying was reported (CFO purchased shares recently), a modest signal of insider confidence. Quiver Quantitative
• Neutral Sentiment: Analyst consensus still skews positive overall (average recommendation ~ “Moderate Buy”), so the cuts reflect lower targets more than widespread downgrades to sell. American Banking News
• Neutral Sentiment: Investors can review the Q4 earnings call transcript and slide deck for management commentary on margins, fleet utilization and growth outlook. Seeking Alpha Transcript
• Negative Sentiment: Citigroup cut its price target from $31 to $25 and moved to a “neutral” rating — this downgrade is a direct negative catalyst for today’s selling pressure. Benzinga TickerReport
• Negative Sentiment: Wells Fargo trimmed its target from $41 to $35 but kept an “overweight” stance — a signal that upside is being re‑priced lower across brokers. Benzinga
• Negative Sentiment: Truist lowered its target slightly (to $41) while maintaining a “buy” rating — another reduction that still leaves a large nominal upside but contributes to the downward momentum. Benzinga TickerReport
• Negative Sentiment: Robert W. Baird cut its target from $63 to $55 but kept an “outperform” rating — a large downward adjustment that may prompt profit‑taking from momentum investors. Benzinga TickerReport

About EQPT

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.