ALTG stock forecast, quote, news & analysis

Key Takeaways

• ALTG shares gained roughly 13% over the last 30 days, climbing from about $6.48 to near $7.35 as of early November 2026.
• The rally reflects renewed optimism around a recovery in construction equipment and material handling demand, reinforced by a move above the stock's 200-day moving average.
• Over the past quarter, trading has been volatile: shares began near $7 in early August, slid to a low around $5.72 in early September, then recovered.
• Wall Street maintains a Buy consensus with an average price target near $9.82, with individual targets ranging from $8.00 to $12.00.
• Alta is scheduled to report third-quarter 2026 results on November 9, 2026, with consensus estimates at a loss of $0.22 per share on roughly $452.3 million in revenue.
• For additional detail, explore Alta's Price Targets, Earnings history, and Forecast pages.
• Traders can also explore Trending AI Robots to see automated strategies covering the market.

Alta Equipment Group (ALTG) Company Overview and Market Position

Alta Equipment Group Inc. (NYSE: ALTG), headquartered in Livonia, Michigan, is one of the largest integrated equipment dealership platforms in North America. Through a network of more than 80 locations across the U.S. Midwest, Northeast, Mid-Atlantic, Florida, Nevada, and Canada, the company sells, rents, and services specialized equipment spanning lift trucks and material handling, heavy and compact earthmoving, crushing and screening, environmental processing, cranes, aerial work platforms, and paving equipment.

Alta operates through three segments — Material Handling, Construction Equipment, and Master Distribution — and provides parts, service, and support to customers in manufacturing, food and beverage, construction, automotive, government, and healthcare. Investors follow ALTG for its exposure to industrial equipment demand, dealership consolidation, and management's ongoing efforts to improve margins and reduce leverage.

Alta Equipment Group (ALTG) Stock Price Performance: Last 30 Days vs. Quarter

Over the last 30 days, ALTG rose from a closing price of $6.48 on October 2, 2026 — the nearest prior trading session to 30 calendar days earlier — to approximately $7.35 in early November, a gain of roughly 13%. The advance accelerated in late October, when the stock broke above its 200-day moving average near $6.47 on elevated volume.

The quarterly picture is more uneven. Shares began the period near $7 in early August, declined to a low around $5.72 in early September, and then staged a recovery back to the mid-$7 range. That leaves the stock roughly flat to modestly higher over the three-month window despite meaningful short-term volatility.

What Drove ALTG Stock Price in the Last 30 Days

Several factors supported the recent advance. Market commentary pointed to early signs of recovery in the construction equipment and material handling businesses, including solid orders and improving equipment volumes, pricing, and margins. This optimism coincided with a technical breakout above the 200-day moving average, which helped draw additional buying interest.

Analyst activity also contributed. In late September, Citigroup reiterated an Outperform rating, while Northland Securities maintained its Outperform stance with a $12 price target. The company additionally declared a preferred stock dividend on October 2 and, on October 30, confirmed it would report third-quarter results after the market close on November 9. Anticipation of that report — with consensus projecting a narrower year-over-year loss and revenue growth of about 7% — helped sustain positive sentiment into early November.

What Drove ALTG Stock Performance Over the Last Quarter

The broader multi-month trend was shaped by Alta's second-quarter 2026 results, reported August 6. GAAP earnings per share came in at a loss of $0.25, below the consensus estimate of a $0.21 loss, while revenue of $475.5 million also missed expectations. At the same time, non-GAAP earnings per share of a $0.04 loss beat estimates, and revenue rose sequentially across all three segments with expanding margins and a robust backlog.

Management narrowed its full-year 2026 guidance, citing the timing of equipment deliveries, which contributed to the mid-August-to-September pullback. A subsequent recalibration of analyst expectations — including Northland's reduction of its price target from $17 to $12 — was followed by improving demand signals and a steady recovery in the shares through October.

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ALTG Stock Forecast Drivers: What Investors Should Watch Next

Investors are focused on Alta's third-quarter 2026 report, scheduled for November 9, 2026, where consensus calls for a loss of $0.22 per share on roughly $452.3 million in revenue. Beyond the headline figures, attention will center on demand trends across material handling and construction, backlog conversion, margin progression, and progress on reducing leverage.

Broader macroeconomic conditions — including interest rates, industrial activity, and infrastructure spending — remain key inputs for equipment demand. Competitive pressures and the pace of dealership integration also merit monitoring. As with any equity, near-term results can diverge from analyst expectations, and these factors should be evaluated alongside an investor's own research and risk tolerance.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

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