• Frederic Bastien from Raymond James set a price target of $9 for NYSE:ALTG, indicating a potential increase of 21.79%.
• The stock has experienced significant volatility, trading between $7.19 and $7.85, with a yearly high of $13.67 and a low of $5.40.
• Alta Equipment Group's Q3 2024 earnings call provided insights into the company's financial performance and strategic initiatives, crucial for understanding its future trajectory.

Alta Equipment Group Inc. (NYSE:ALTG) is a prominent player in the equipment industry, specializing in the sale, rental, and service of construction and industrial equipment. The company operates across various sectors, providing essential machinery and support to businesses. Alta Equipment Group faces competition from other equipment providers, but it continues to carve out its niche with a focus on customer service and comprehensive solutions.

On November 14, 2024, Frederic Bastien from Raymond James set a price target of $9 for ALTG. At that time, the stock was priced at $7.39, suggesting a potential increase of 21.79%. This optimistic outlook reflects confidence in the company's future performance and market position. However, the current stock price of $7.28 indicates a decrease of 8.66% from the previous price, with a change of $0.69.

During Alta Equipment Group's Q3 2024 earnings conference call, key figures like CEO Ryan Greenawalt and CFO Tony Colucci discussed the company's financial performance. The call, held on November 12, 2024, included analysts from D.A. Davidson, Thompson Research Group, and Northland Securities. This discussion likely provided insights into the company's strategic initiatives and market outlook, which are crucial for understanding its future trajectory.

The stock has shown volatility, trading between $7.19 and $7.85 today. Over the past year, ALTG has experienced a high of $13.67 and a low of $5.40. This fluctuation highlights the dynamic nature of the market and the challenges the company faces. Despite this, Alta Equipment Group maintains a market capitalization of approximately $240.9 million, with a trading volume of 179,527 shares on the NYSE.

As highlighted by StreetInsider, the price target set by Raymond James suggests potential growth for ALTG. Investors and analysts will be closely monitoring the company's performance and strategic decisions to assess its ability to reach this target. The insights from the recent earnings call will play a significant role in shaping expectations and guiding investment decisions.