Wells Fargo & Company Initiates Coverage on EQPT (NASDAQ:EQPT)

Equities researchers at Wells Fargo & Company started coverage on shares of EQPT (NASDAQ:EQPT) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $41.00 price target on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 26.78% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Citizens Jmp initiated coverage on EQPT in a research note on Tuesday. They issued a “market outperform” rating and a $42.00 price target on the stock. Oppenheimer began coverage on EQPT in a research report on Tuesday. They issued an “outperform” rating and a $39.00 target price on the stock. Citigroup started coverage on shares of EQPT in a research report on Tuesday. They set a “neutral” rating and a $35.00 price target for the company. Truist Financial assumed coverage on shares of EQPT in a research report on Tuesday. They set a “buy” rating and a $43.00 target price for the company. Finally, Wall Street Zen upgraded shares of EQPT to a “hold” rating in a research note on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, EQPT has a consensus rating of “Moderate Buy” and an average target price of $43.75.

EQPT Trading Down 4.8%

Shares of EQPT stock opened at $32.34 on Tuesday. EQPT has a 12-month low of $28.00 and a 12-month high of $35.50.

Trending Headlines about EQPT

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

EQPT Company Profile

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