Alta Equipment Group (ALTG) Stock Forecast, Price Target & Predictions
ALTG Stock Forecast
Alta Equipment Group stock forecast is as follows: an average price target of $20.00 (represents a 209.12% upside from ALTG’s last price of $6.47) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
ALTG Price Target
The average price target for Alta Equipment Group (ALTG) is $20.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $20.00. This represents a potential 209.12% upside from ALTG's last price of $6.47.
ALTG Analyst Ratings
According to 1 Wall Street analysts, Alta Equipment Group's rating consensus is 'Hold'. The analyst rating breakdown for ALTG stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Alta Equipment Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 21, 2024 | Matt Summerville | D.A. Davidson | $20.00 | $9.35 | 113.90% | 209.12% |
The latest Alta Equipment Group stock forecast, released on May 21, 2024 by Matt Summerville from D.A. Davidson, set a price target of $20.00, which represents a 113.90% increase from the stock price at the time of the forecast ($9.35), and a 209.12% increase from ALTG last price ($6.47).
Alta Equipment Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $20.00 |
| Last Closing Price | $6.47 | $6.47 | $6.47 |
| Upside/Downside | -100.00% | -100.00% | 209.12% |
In the current month, the average price target of Alta Equipment Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Alta Equipment Group's last price of $6.47. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | Raymond James | - | Market Perform | Downgrade |
Alta Equipment Group's last stock rating was published by Raymond James on Aug 09, 2024. The company Downgrade its ALTG rating from "null" to "Market Perform".
Alta Equipment Group Financial Forecast
Alta Equipment Group Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $466.20M | $468.40M | $420.70M | $428.60M | $405.00M | - | $331.70M | $356.30M | $295.00M | $292.70M | $268.80M | $280.40M | $220.60M | $192.10M | $180.50M |
| Avg Forecast | $528.97M | $497.47M | $494.87M | $454.53M | $519.08M | $484.98M | $503.88M | $420.40M | $483.69M | $461.98M | $461.82M | $395.67M | $395.50M | $379.23M | $351.90M | $323.75M | $300.40M | $286.57M | $271.35M | $238.37M | $229.67M | $226.20M | $183.95M | $122.10M |
| High Forecast | $543.75M | $511.37M | $508.69M | $467.23M | $533.58M | $492.75M | $517.95M | $432.15M | $490.11M | $474.89M | $474.73M | $406.72M | $406.55M | $389.83M | $351.90M | $329.13M | $305.39M | $291.33M | $275.86M | $242.33M | $233.48M | $229.96M | $187.01M | $124.13M |
| Low Forecast | $519.16M | $488.25M | $485.69M | $446.11M | $509.46M | $478.38M | $494.53M | $412.61M | $474.91M | $453.42M | $453.26M | $388.33M | $388.17M | $372.20M | $351.90M | $318.67M | $295.69M | $282.07M | $267.10M | $234.63M | $226.07M | $222.65M | $181.07M | $120.19M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.06% | 1.08% | 1.07% | - | 1.02% | 1.19% | 1.03% | 1.08% | 1.13% | 1.22% | 0.98% | 1.04% | 1.48% |
Alta Equipment Group's average Quarter revenue forecast for Dec 23 based on 4 analysts is $483.69M, with a low forecast of $474.91M, and a high forecast of $490.11M. ALTG's average Quarter revenue forecast represents a 3.75% increase compared to the company's last Quarter revenue of $466.20M (Sep 23).
Alta Equipment Group EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | $50.30M | $49.40M | $41.20M | $41.10M | $43.50M | - | $29.10M | $29.30M | $30.60M | $14.70M | $21.90M | $23.10M | $25.50M | $17.90M | $1.70M |
| Avg Forecast | $39.73M | $37.37M | $37.17M | $34.14M | $38.99M | $36.43M | $37.85M | $31.58M | $36.33M | $34.70M | $34.69M | $29.72M | $29.71M | $28.49M | $26.43M | $24.32M | $22.56M | $41.31M | $13.56M | $16.06M | $17.25M | $68.85M | $8.75M | $1.31M |
| High Forecast | $40.84M | $38.41M | $38.21M | $35.10M | $40.08M | $37.01M | $38.91M | $32.46M | $36.81M | $35.67M | $35.66M | $30.55M | $30.54M | $29.28M | $26.43M | $24.72M | $22.94M | $49.57M | $16.27M | $19.27M | $17.54M | $82.62M | $10.50M | $1.58M |
| Low Forecast | $39.00M | $36.67M | $36.48M | $33.51M | $38.27M | $35.93M | $37.15M | $30.99M | $35.67M | $34.06M | $34.05M | $29.17M | $29.16M | $27.96M | $26.43M | $23.94M | $22.21M | $33.05M | $10.85M | $12.85M | $16.98M | $55.08M | $7.00M | $1.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.45% | 1.42% | 1.39% | 1.38% | 1.53% | - | 1.20% | 1.30% | 0.74% | 1.08% | 1.36% | 1.34% | 0.37% | 2.05% | 1.29% |
4 analysts predict ALTG's average Quarter EBITDA for Dec 23 to be $36.33M, with a high of $36.81M and a low of $35.67M. This is -27.77% lower than Alta Equipment Group's previous annual EBITDA (Sep 23) of $50.30M.
Alta Equipment Group Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | $7.40M | $2.40M | $1.00M | $-700.00K | $5.10M | - | $-7.80M | $-700.00K | $200.00K | $-14.60M | $-5.70M | $-3.20M | $300.00K | $-4.10M | $-17.00M |
| Avg Forecast | $-221.61K | $-1.33M | $-4.65M | $-14.74M | $-4.24M | $-6.15M | $6.32M | $-6.40M | $-332.40K | $2.74M | $3.32M | $-3.57M | $1.41M | $4.10M | $441.44K | $-2.38M | $1.22M | $270.00K | $-13.47M | $-4.18M | $-2.19M | $810.00K | $-2.00M | $-13.14M |
| High Forecast | $-216.27K | $-1.30M | $-4.54M | $-14.38M | $-4.14M | $-5.50M | $6.54M | $-6.24M | $398.88K | $2.84M | $3.44M | $-3.49M | $1.46M | $4.25M | $441.44K | $-2.33M | $1.25M | $324.00K | $-10.78M | $-3.34M | $-2.15M | $972.00K | $-1.60M | $-10.51M |
| Low Forecast | $-229.66K | $-1.38M | $-4.82M | $-15.27M | $-4.39M | $-6.80M | $6.16M | $-6.63M | $-731.27K | $2.68M | $3.24M | $-3.70M | $1.38M | $4.00M | $441.44K | $-2.43M | $1.19M | $216.00K | $-16.16M | $-5.02M | $-2.24M | $648.00K | $-2.41M | $-15.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.70% | 0.72% | -0.28% | -0.50% | 1.24% | - | 3.27% | -0.57% | 0.74% | 1.08% | 1.36% | 1.46% | 0.37% | 2.05% | 1.29% |
Alta Equipment Group's average Quarter net income forecast for Dec 23 is $-332.40K, with a range of $-731.27K to $398.88K. ALTG's average Quarter net income forecast represents a -104.49% decrease compared to the company's last Quarter net income of $7.40M (Sep 23).
Alta Equipment Group SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | $106.80M | $105.20M | $104.00M | $96.40M | $94.20M | - | $82.90M | $76.50M | $72.90M | $71.60M | $64.90M | $62.80M | $58.40M | $43.70M | $51.10M |
| Avg Forecast | $125.85M | $118.36M | $117.74M | $108.14M | $123.50M | $115.39M | $119.88M | $100.02M | $115.08M | $109.92M | $109.88M | $94.14M | $94.10M | $90.23M | $83.73M | $77.03M | $71.47M | $98.42M | $66.06M | $47.59M | $54.64M | $157.68M | $21.36M | $39.50M |
| High Forecast | $129.37M | $121.67M | $121.03M | $111.17M | $126.95M | $117.24M | $123.23M | $102.82M | $116.61M | $112.99M | $112.95M | $96.77M | $96.73M | $92.75M | $83.73M | $78.31M | $72.66M | $118.10M | $79.27M | $57.11M | $55.55M | $189.22M | $25.64M | $47.40M |
| Low Forecast | $123.52M | $116.17M | $115.56M | $106.14M | $121.21M | $113.82M | $117.66M | $98.17M | $112.99M | $107.88M | $107.84M | $92.39M | $92.35M | $88.56M | $83.73M | $75.82M | $70.35M | $78.73M | $52.84M | $38.07M | $53.79M | $126.14M | $17.09M | $31.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.97% | 0.96% | 1.10% | 1.02% | 1.04% | - | 1.08% | 1.07% | 0.74% | 1.08% | 1.36% | 1.15% | 0.37% | 2.05% | 1.29% |
Alta Equipment Group's average Quarter SG&A projection for Dec 23 is $115.08M, based on 4 Wall Street analysts, with a range of $112.99M to $116.61M. The forecast indicates a 7.75% rise compared to ALTG last annual SG&A of $106.80M (Sep 23).
Alta Equipment Group EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | $0.21 | $0.05 | $0.01 | $-0.02 | $0.14 | - | $-0.24 | $-0.02 | $0.01 | $-0.48 | $-0.19 | $-0.11 | $0.01 | $-0.14 | $-0.91 |
| Avg Forecast | $-0.01 | $-0.04 | $-0.14 | $-0.44 | $-0.13 | $-0.18 | $0.19 | $-0.19 | $-0.01 | $0.08 | $0.10 | $-0.11 | $0.04 | $0.12 | $0.01 | $-0.07 | $0.04 | $0.03 | $-0.03 | $-0.15 | $-0.07 | $-0.01 | $-0.10 | $-0.41 |
| High Forecast | $-0.01 | $-0.04 | $-0.14 | $-0.43 | $-0.12 | $-0.17 | $0.20 | $-0.19 | $0.01 | $0.09 | $0.10 | $-0.10 | $0.04 | $0.13 | $0.01 | $-0.07 | $0.04 | $0.03 | $-0.03 | $-0.15 | $-0.07 | $-0.01 | $-0.09 | $-0.40 |
| Low Forecast | $-0.01 | $-0.04 | $-0.15 | $-0.46 | $-0.13 | $-0.20 | $0.19 | $-0.20 | $-0.02 | $0.08 | $0.10 | $-0.11 | $0.04 | $0.12 | $0.01 | $-0.07 | $0.04 | $0.03 | $-0.03 | $-0.16 | $-0.07 | $-0.01 | $-0.10 | $-0.42 |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.55% | 0.50% | -0.09% | -0.51% | 1.14% | - | 3.27% | -0.58% | 0.21% | 14.40% | 1.23% | 1.56% | -1.00% | 1.47% | 2.22% |
According to 4 Wall Street analysts, Alta Equipment Group's projected average Quarter EPS for Dec 23 is $-0.01, with a low estimate of $-0.02 and a high estimate of $0.01. This represents a -104.76% decrease compared to ALTG previous annual EPS of $0.21 (Sep 23).
Alta Equipment Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ALTG | Alta Equipment Group | $6.47 | $20.00 | 209.12% | Hold |
| CTOS | Custom Truck One Source | $3.73 | $6.63 | 77.75% | Buy |
| HEES | H&E Equipment Services | $43.62 | $58.00 | 32.97% | Buy |
| AAN | Aaron's Company | $10.04 | $13.03 | 29.78% | Hold |
| HRI | Herc | $138.77 | $177.67 | 28.03% | Buy |
| PRG | PROG | $46.35 | $55.00 | 18.66% | Buy |
ALTG Forecast FAQ
Is Alta Equipment Group a good buy?
No, according to 1 Wall Street analysts, Alta Equipment Group (ALTG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of ALTG's total ratings.
What is ALTG's price target?
Alta Equipment Group (ALTG) average price target is $20 with a range of $20 to $20, implying a 209.12% from its last price of $6.47. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Alta Equipment Group stock go up soon?
According to Wall Street analysts' prediction for ALTG stock, the company can go up by 209.12% (from the last price of $6.47 to the average price target of $20), up by 209.12% based on the highest stock price target, and up by 209.12% based on the lowest stock price target.
Can Alta Equipment Group stock reach $10?
ALTG's average twelve months analyst stock price target of $20 supports the claim that Alta Equipment Group can reach $10 in the near future.
What are Alta Equipment Group's analysts' financial forecasts?
Alta Equipment Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.93B (high $1.98B, low $1.89B), average EBITDA is $144.85M (high $148.46M, low $142.34M), average net income is $-10.47M (high $-9.338M, low $-11.656M), average SG&A $458.8M (high $470.24M, low $450.86M), and average EPS is $-0.315 (high $-0.281, low $-0.351). ALTG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.98B (high $2.03B, low $1.94B), average EBITDA is $148.41M (high $152.56M, low $145.66M), average net income is $-20.941M (high $-20.436M, low $-21.701M), average SG&A $470.1M (high $483.23M, low $461.38M), and average EPS is $-0.63 (high $-0.615, low $-0.653).
Did the ALTG's actual financial results beat the analysts' financial forecasts?
Based on Alta Equipment Group's last annual report (Dec 2023), the company's revenue was $1.88B, beating the average analysts forecast of $1.8B by 4.08%. Apple's EBITDA was $16.6M, missing the average prediction of $135.44M by -87.74%. The company's net income was $8.9M, beating the average estimation of $2.16M by 311.93%. Apple's SG&A was $430.3M, beating the average forecast of $429.02M by 0.30%. Lastly, the company's EPS was $0, missing the average prediction of $0.065 by -100.00%. In terms of the last quarterly report (Sep 2023), Alta Equipment Group's revenue was $466.2M, beating the average analysts' forecast of $461.98M by 0.91%. The company's EBITDA was $50.3M, beating the average prediction of $34.7M by 44.95%. Alta Equipment Group's net income was $7.4M, beating the average estimation of $2.74M by 169.85%. The company's SG&A was $106.8M, missing the average forecast of $109.92M by -2.84%. Lastly, the company's EPS was $0.21, beating the average prediction of $0.0825 by 154.55%