Goldman Sachs Raises Sunbelt Rentals (SUNB) Price Target to $93
Goldman Sachs has raised its price target for Sunbelt Rentals to $93, up from $78, reflecting a bullish outlook, a 21.43% upside from the current price.
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Goldman Sachs raised its price target on Sunbelt Rentals Holdings, Inc. ($SUNB) to $93 from $78 on September 17, 2026, and rates the stock "Buy".
Since the rating, $SUNB is down 1.3% after 1 week and up 3.2% to date (from the $73.67 close on Sep 17, 2026).
SUNB
Sunbelt Rentals Holdings, Inc.
Key Points
- Goldman Sachs upgraded Sunbelt Rentals Holdings, Inc. (NYSE: SUNB) to a Buy rating and increased its price target to $93 from $78 on September 17, 2026.
- Goldman Sachs's $93 price target implies 21.43% upside from Sunbelt Rentals Holdings, Inc.'s ($SUNB) current $76.59 share price.
- The stock traded at $73.59 on the last market close, having a 52-week range between $61.03 and $86.68, indicating potential for growth.
- The company operates in the equipment rental industry and reported $11.47 billion in revenue for the last fiscal year.
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Goldman Sachs Upgrades Sunbelt Rentals
Goldman Sachs has upgraded Sunbelt Rentals Holdings, Inc. (NYSE: SUNB) to a Buy rating. The firm raised its price target to $93 from $78 on September 17, 2026. This change signals a more positive outlook for the company in the competitive rental and leasing sector.
The rating change reflects a shift in Goldman Sachs' perspective on Sunbelt Rentals. The firm's new target represents a significant increase aimed at capturing the company's growth potential. With the stock closing at $73.59 prior to the announcement, this upgrade suggests that analysts see room for substantial upside.
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Analysts Set New Price Targets
In addition to Goldman Sachs, other analysts have also weighed in on Sunbelt Rentals. RBC Capital reiterated its Sector Perform rating while maintaining a price target of $80 on the same day. JP Morgan continues to hold an Underweight rating with a target of $79, while Keybanc maintains an Overweight rating with a target of $90. Citigroup also holds a Buy rating, but has adjusted its target to $90 from $95.
Stock Performance and Market Context
Sunbelt Rentals' stock has been trading within a 52-week range of $61.03 to $86.68, closing at $73.59 recently. The stock's performance reflects the company's strong position in the equipment rental market, where it competes with various service providers. With the new target price from Goldman Sachs, investors might find the current price attractive given the potential for growth.
$SUNB price target
Sunbelt Rentals Holdings, Inc. daily closes and this analyst's $93 target. Not advice.
Recent Earnings
For the fiscal year, Sunbelt Rentals reported revenue of approximately $11.47 billion, reflecting a revenue growth of 11.2%. The company has an earnings per share (EPS) of $3.35, with a net margin of 12.12% and a return on equity (ROE) of 18.37%. The next earnings report is expected to provide further insights into the company’s performance and future outlook.
What Sunbelt Rentals Holdings, Inc. Does
Sunbelt Rentals Holdings, Inc. is a leading provider of equipment rental services in North America, the UK, and Canada. The company offers a wide range of construction and industrial equipment, catering to various sectors including construction, events, and emergency response. This upgrade from Goldman Sachs highlights the firm’s confidence in Sunbelt Rentals' ability to capture more market share and grow its revenue.
What’s Next for Sunbelt Rentals
Investors will be watching for the upcoming earnings report, which may provide more clarity on the company's financial health and growth strategies. Goldman Sachs' recent upgrade reflects a shift in sentiment towards Sunbelt Rentals, and it may influence other analysts' perspectives moving forward. Keep in mind that the 13F filings reflect past positions and may not represent current holdings.
Related Filing Alerts
Source: Goldman Sachs's rating change on $SUNB (Sep 17, 2026). Written by software, not financial advice. How we make alerts