Raymond James analyst Steve Hansen reiterated a Buy rating on RB Global today and set a price target of $135.00.
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Steve Hansen has given his Buy rating due to a combination of factors that highlight RB Global’s strong performance and promising future prospects. The company reported a significant earnings beat for the third quarter of 2025, with adjusted EBITDA surpassing both market and Raymond James estimates. This performance was largely driven by better-than-expected growth in gross transaction value (GTV), particularly in the automotive and construction, transportation, and technology (CC&T) segments.
Additionally, RB Global has demonstrated sustained market share gains and attractive long-term growth potential through both organic means and strategic acquisitions. The company’s recent expansion of its relationship with the US General Services Administration and the acquisition of Smith Broughton Auctioneers further bolster its position in the market. These developments, along with an increase in service revenue and improved take rates, contribute to a strong operating momentum, justifying the Buy rating.
According to TipRanks, Hansen is a 3-star analyst with an average return of 1.8% and a 49.84% success rate. Hansen covers the Industrials sector, focusing on stocks such as Cargojet, Exchange Income, and RB Global.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $114.00 price target.