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Sunbelt Rentals Price Target Lifted to $89.81 by Wall Street Analysts

BullishLow impact
SUNB$75.61 −2.22%

Wall Street analysts covering Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) updated their outlook on the company, boosting the average 12-month price target to $89.81 from $89.18. Based on the October 14 closing price, the revised consensus target suggests a potential gain of approximately 19%. Individual target price estimates among 13 contributing analysts span between $71 and $115 per share.

Overall sentiment among market researchers tracking Sunbelt Rentals remains positive. Out of 15 covering analysts, 10 maintain a buy rating, 3 recommend holding the stock, and 2 issue a sell rating, keeping the overall consensus recommendation at Buy. Meanwhile, shares of the company recently traded at $75.61, down 2.22% for the day.

Investors will be watching how future operational performance and broader market conditions influence analyst forecasts and whether the share price moves closer to the higher end of expectations.

Key points

  • The average 12-month price target for Sunbelt Rentals Holdings, Inc. rose from $89.18 to $89.81 based on estimates from 13 analysts.
  • The revised average price target implies roughly 19% upside from the October 14 closing price.
  • Individual analyst price targets range from $71 to $115 per share.
  • The consensus analyst rating remains Buy, with 10 Buys, 3 Holds, and 2 Sells across 15 analysts.
  • Sunbelt Rentals shares recently traded at $75.61, down 2.22% for the session.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is the new average price target for Sunbelt Rentals stock?

The average 12-month price target for Sunbelt Rentals Holdings, Inc. was raised to $89.81 per share, up from the prior estimate of $89.18.

What is the analyst consensus rating for Sunbelt Rentals Holdings, Inc.?

The consensus recommendation remains Buy among 15 covering analysts, consisting of 10 Buy ratings, 3 Hold ratings, and 2 Sell ratings.

How much upside does the updated Sunbelt Rentals target imply?

Based on the October 14 close, the updated average target price of $89.81 indicates approximately 19% upside potential.