Oppenheimer Initiates Coverage on EQPT (NASDAQ:EQPT)

Equities researchers at Oppenheimer began coverage on shares of EQPT (NASDAQ:EQPT) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $39.00 price target on the stock. Oppenheimer’s price target indicates a potential upside of 20.59% from the company’s current price.

A number of other research analysts have also recently commented on EQPT. Truist Financial started coverage on shares of EQPT in a research report on Tuesday. They issued a “buy” rating and a $43.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of EQPT in a report on Tuesday. They issued a “buy” rating and a $51.00 price objective on the stock. Wall Street Zen raised shares of EQPT to a “hold” rating in a research report on Tuesday, February 3rd. Robert W. Baird began coverage on EQPT in a research report on Tuesday. They issued an “outperform” rating and a $63.00 target price on the stock. Finally, Citigroup began coverage on EQPT in a research report on Tuesday. They set a “neutral” rating and a $35.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

EQPT Trading Down 4.8%

Shares of EQPT stock opened at $32.34 on Tuesday. EQPT has a 52 week low of $28.00 and a 52 week high of $35.50.

EQPT News Summary

Here are the key news stories impacting EQPT this week:

• Positive Sentiment: Multiple firms initiated coverage with bullish ratings and high price targets — Robert W. Baird (Outperform, $63), Goldman Sachs (Buy, $51), Truist (Buy, $43), Citizens Jmp (Market Outperform, $42), Wells Fargo (Overweight, $41) and Oppenheimer (Outperform, $39). These targets imply roughly 20%–95% upside versus the current price, signaling strong analyst conviction on growth/margin expansion potential. Benzinga coverage of initiations Zacks Ticker Report (Oppenheimer)
• Positive Sentiment: Insider purchase: EQPT’s CFO reportedly bought 4,285 shares (reported by Quiver Quantitative), a signal some investors use to judge management conviction. QuiverQuant: analyst/insider note
• Neutral Sentiment: Several shops opened coverage with neutral/sector-weight/hold ratings that temper the bullish wave — UBS (Neutral, $36), Citigroup (Neutral, $35) and KeyCorp (Sector Weight). Citi also published a Hold commentary noting execution risks despite a long runway. These views add caution and may limit near-term upside. Benzinga TipRanks (Citi Hold) Zacks
• Negative Sentiment: Despite the bullish analyst coverage, shares are down today — likely reflecting near-term profit-taking, market/sector pressure, and lower-than-average intraday volume. Watch for continued volatility as investors digest the mixed set of ratings. MarketBeat: EQPT intraday price/volume

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.