In a report released yesterday, Mircea Dobre from Robert W. Baird upgraded United Rentals to a Buy, with a price target of $1,050.00.
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Mircea Dobre has given his Buy rating due to a combination of factors that indicate stabilization and potential growth in the equipment rental industry. The recent survey conducted by Baird Equity Research suggests that the rental market is showing signs of recovery after a period of decline, with improvements noted in construction starts and equipment pricing. United Rentals, being the largest equipment rental company in North America, is well-positioned to benefit from these positive trends.
Furthermore, the company’s ability to capture market share in larger projects and the stabilization of rental rates contribute to a promising outlook. The expectation of increased capital expenditure in 2026, along with a rebound in equipment prices, supports the potential for organic growth acceleration. Despite the high valuation, investors recognize United Rentals’ strong free cash flow generation and capital deployment capabilities, which are likely to drive stock performance in the coming years.
According to TipRanks, Dobre is a 5-star analyst with an average return of 14.8% and a 56.22% success rate. Dobre covers the Industrials sector, focusing on stocks such as Caterpillar, Herc Holdings, and United Rentals.
In another report released on September 25, KeyBanc also reiterated a Buy rating on the stock with a $1,120.00 price target.