Alta Equipment Group Inc. (ALTG) is a U.S.-listed industrial equipment dealer headquartered in Livonia, Michigan, operating through Material Handling, Construction Equipment, and Master Distribution segments. Four attributable, current analyst price targets were reviewed to establish the central target. Northland Securities (Ted Jackson) holds a $12 target with an Outperform rating, lowered from $17 in September 2026. Raymond James carries a $9.50 target after upgrading the stock to Outperform from Market Perform in March 2026. D.A. Davidson maintains a Neutral rating with an $8 target, while B. Riley Securities holds an $8 target set in late 2025.
The arithmetic mean of these four targets is $9.375, rounded to a central target of $9.40. The approximate range spans $8 to $12, and the dispersion is notable: cautious analysts emphasize persistent losses and tariff pressure, while bullish analysts see a deleveraging and earnings-recovery story that is not yet reflected in the share price. Notably, some aggregators report a headline average near $9.80, but that figure cannot be fully attributed to individually verified targets, so this analysis relies on the four confirmable figures above.
Alta Equipment Group shares recently traded around $6.02, with a 52-week range of $4.16 to $8.69. Reaching the $9.40 target would require an increase of roughly 56%, which qualifies as a very large move. The company generated about $1.82 billion in trailing revenue but posted a net loss of roughly $83 million over the same period, with negative diluted EPS (earnings per share) and a negative book value per share of about $1.11. The path toward the target therefore depends less on near-term profitability and more on margin recovery, debt reduction, and a re-rating of the equity as investors gain confidence in the turnaround.
Several factors could underpin a higher valuation. The company generated positive operating cash flow and levered free cash flow, which supports its ability to service and reduce debt. Raymond James upgraded the stock in 2026, citing improving fundamentals, and Northland raised its longer-dated EPS estimates toward breakeven. Alta's enterprise value trades at a single-digit multiple of EBITDA (earnings before interest, taxes, depreciation, and amortization), and its price-to-sales ratio is below 0.15, suggesting the market is assigning limited value to its roughly $1.8 billion revenue base. A sustained recovery in equipment demand, easing tariff pressure, or faster deleveraging could support upward revisions to the analyst price target.
The risks are substantial. Alta remains unprofitable on a GAAP basis and carries roughly $1.18 billion in debt against a market capitalization near $197 million, with negative shareholder equity. Tariff headwinds, mixed end markets, and competitive pricing in the Construction Equipment segment have already prompted analysts to trim targets. Recent quarters have also shown revenue coming in below consensus, even as some EPS estimates were met or exceeded. If equipment demand stays soft, margins fail to expand, or debt-reduction stalls, the stock could remain range-bound and the $9.40 target would look increasingly demanding.
From a technical standpoint, Alta Equipment shares sit below both the 50-day moving average near $6.26 and the 200-day moving average near $6.50, indicating a still-fragile longer-term trend. The 52-week high of $8.69 stands as a key resistance zone that coincides with the lower end of the analyst target range, while the 52-week low near $4.16 represents the primary support level. Rounded psychological levels at $6, $8, and $10 may also act as reference points as the stock moves between support and resistance.
Analyst price targets typically reflect a research horizon of about 12 months, though individual firms can differ. Investors should monitor upcoming quarterly results and guidance, any additional analyst revisions or rating changes, developments in tariff and trade policy, interest-rate decisions, and the pace of debt reduction. Equipment demand, backlog trends, and margin trajectory across the Material Handling and Construction Equipment segments will also be central to whether the stock can close the gap toward $9.40.
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Can Alta Equipment Group stock reach $9.40? The target, derived from the mean of four verified analyst price targets ranging from $8 to $12, implies a very large gain of roughly 56% from current levels near $6.02. The bullish case rests on free cash flow, deleveraging, and a low valuation, while the bearish case centers on persistent losses, heavy leverage, and tariff-driven uncertainty. With analyst views genuinely split, the stock's ability to approach this target will depend on evidence of margin recovery and debt reduction rather than sentiment alone. Investors should track earnings, guidance, and tariff developments closely, recognizing that the wide $8-to-$12 range underscores meaningful disagreement about the company's trajectory.
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A.I.dvisor indicates that over the last year, ALTG has been loosely correlated with SYF. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if ALTG jumps, then SYF could also see price increases.
| Ticker / NAME | Correlation To ALTG | 1D Price Change % | ||
|---|---|---|---|---|
| ALTG | 100% | -17.72% | ||
| SYF - ALTG | 52% Loosely correlated | -2.08% | ||
| OMF - ALTG | 52% Loosely correlated | -0.27% | ||
| ENVA - ALTG | 49% Loosely correlated | +0.30% | ||
| COF - ALTG | 49% Loosely correlated | -1.38% | ||
| WCC - ALTG | 48% Loosely correlated | +0.07% | ||
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| Ticker / NAME | Correlation To ALTG | 1D Price Change % |
|---|---|---|
| ALTG | 100% | -17.72% |
| Electronics Distributors industry (23 stocks) | 49% Loosely correlated | +2.70% |
| Distribution Services industry (59 stocks) | 3% Poorly correlated | +1.93% |