Wells Fargo & Company Lowers EQPT (NASDAQ:EQPT) Price Target to $35.00

EQPT (NASDAQ:EQPT) had its price objective cut by analysts at Wells Fargo & Company from $41.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 60.55% from the company’s previous close.

Several other analysts also recently issued reports on EQPT. KeyCorp assumed coverage on EQPT in a research report on Tuesday, February 17th. They issued a “sector weight” rating on the stock. Citigroup cut their price objective on shares of EQPT from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. The Goldman Sachs Group started coverage on EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $51.00 price target on the stock. UBS Group started coverage on EQPT in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Citizens Jmp started coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.50.

EQPT Stock Down 4.1%

EQPT stock opened at $21.80 on Friday. EQPT has a 12-month low of $21.06 and a 12-month high of $35.50.

EQPT (NASDAQ:EQPT) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion.

More EQPT News

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.