Alta Equipment Group

ALTG · NYSE

$6.06−$0.02 (−0.33%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $6.08

ALTG analyst rating

HoldConsensus of 2 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform0
Sell0

12-month price target · 7 analysts

Average $10.02 (+65.3% upside)

Low: $8.08
Now: $6.06
High: $12.60

Upgrades and downgrades

The latest rating actions, newest first

ALTG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Jun 24, 2026	Maintains	Neutral	$8.00	54%
DA Davidson	May 12, 2026	Maintains	Neutral	$7.00 → $8.00	49%
DA Davidson	Nov 12, 2025	Maintains	Neutral	$8.00 → $7.00	49%

The case for and against

Updated Nov 7, 2025

Bull case

Alta Equipment Group Inc. is positioned favorably due to the expected increase in non-residential construction starts from $447 billion in 2024 to $552 billion by 2028, along with elevated industrial spending anticipated in the long term. This positive outlook is further supported by the expected recovery in construction equipment demand beginning in 2025, the growth of high-margin parts and service revenue, and cost efficiencies that contribute to run-rate savings. Additionally, ongoing product support growth and restructuring initiatives are likely to enhance operational productivity and positively impact selling, general, and administrative expenses (SG&A).

Bear case

The financial outlook for Alta Equipment Group Inc is concerning primarily due to a 9% decline in core Material Handling equipment sales compared to the prior year, despite a slight improvement in segment operating margins driven by cost-management efforts. Additionally, the company has lowered its full-year 2025 EBITDA forecast by $3.5 million to reflect the impact of divesting an Illinois aerial rental business, indicating potential challenges in maintaining revenue streams. Furthermore, the company's net leverage remains elevated at 4.6x 2025E EBITDA, suggesting heightened financial risk and reduced flexibility in managing debt obligations.

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