EQPT (NASDAQ:EQPT) Shares Down 5.9% on Analyst Downgrade

Posted by on Mar 20th, 2026

EQPT (NASDAQ:EQPT – Get Free Report) dropped 5.9% during mid-day trading on Friday after Wells Fargo & Company lowered their price target on the stock from $41.00 to $35.00. Wells Fargo & Company currently has an overweight rating on the stock. EQPT traded as low as $21.06 and last traded at $21.39. Approximately 473,925 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,263,248 shares. The stock had previously closed at $22.74.

Other equities analysts have also recently issued reports about the company. Citizens Jmp assumed coverage on EQPT in a report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 target price on the stock. UBS Group assumed coverage on EQPT in a report on Tuesday, February 17th. They set a “neutral” rating and a $36.00 target price for the company. Zacks Research upgraded EQPT to a “hold” rating in a research report on Wednesday, February 18th. Truist Financial assumed coverage on EQPT in a research note on Tuesday, February 17th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on EQPT in a report on Tuesday, February 17th. They set a “buy” rating and a $51.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, EQPT currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

Check Out Our Latest Research Report on EQPT

EQPT Price Performance

EQPT (NASDAQ:EQPT – Get Free Report) last issued its earnings results on Wednesday, March 18th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion.

EQPT Company Profile

(Get Free Report)

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

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