Titan Machinery

TITN · NASDAQ

$22.15+$0.25 (+1.14%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $21.90

TITN analyst rating

HoldConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform0
Sell0

12-month price target · 6 analysts

Average $25.75 (+16.3% upside)

Low: $22.22
Now: $22.15
High: $30.45

Upgrades and downgrades

The latest rating actions, newest first

TITN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Baird	Mar 20, 2026	Maintains	Neutral	$21.00 → $17.00	62%
Baird	Dec 1, 2025	Downgrade	Outperform → Neutral	$24.00 → $21.00	62%

The case for and against

Updated Nov 24, 2024

Bull case

Titan Machinery Inc reported a 0.8% increase in total revenue from the previous quarter, reaching $628.7 million, with significant contributions from the recent acquisition of O’Connors in Australia, which added $61.3 million to their 2Q25 figures. The company anticipates a substantial increase in free cash flow (FCF) to $127.7 million for FY26, driven primarily by a reduction in inventories. These factors collectively contribute to a positive financial outlook, reflecting robust growth and improved operational efficiency.

Bear case

Titan Machinery Inc is experiencing significant pricing pressure, with same store gross margins declining to 17.8% in the first quarter of fiscal year 2025 from 20.8% in the second quarter of fiscal year 2024. The company's earnings per share dropped to ($0.19) for the second quarter of fiscal year 2025, a stark decrease from $1.39 in the same period the previous year, alongside a projected 53.5% reduction in adjusted EBITDA from $203.4 million in fiscal year 2024 to $94.6 million in fiscal year 2025. Additionally, forecasted total sales for fiscal year 2026 are anticipated to decline by 4.4% to $2,540.9 million, compounded by deteriorating financial conditions among farmers and challenging growth conditions, particularly in Europe.

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