Evercore ISI Raises United Rentals Price Target to $1,075, Maintains Outperform Rating

Evercore ISI has raised the price target on United Rentals (URI) to $1,075 from $921 and maintains an Outperform rating. The firm adjusted its models in the machinery group and sees an upward bias to earnings estimates driving further multiple expansion in the sector. Evercore's top pick in the group is Cummins (CMI).

Evercore ISI has raised its price target for United Rentals (URI) to $1,075 from $921, while maintaining an Outperform rating. The firm adjusted its models in the machinery group and expects an upward bias in earnings estimates, driving further multiple expansion in the sector. Evercore's top pick in the machinery group is Cummins (CMI) [1].

United Rentals reported strong second-quarter results, with revenues surpassing analyst expectations and full-year EBITDA guidance coming in ahead of forecasts. The company's differentiated position in equipment rental services was highlighted by the mixed performances of some industry peers. The earnings beat and guidance upgrade reinforce United Rentals' strength in execution, but maintaining momentum in specialty growth remains a key short-term catalyst [3].

Analysts have mixed opinions on United Rentals' stock. While Evercore ISI maintains an Outperform rating, Zacks Research has cut its Q1 2026 earnings estimates for United Rentals to $9.61 per share, down from a prior forecast of $9.69. Other analysts, such as Bank of America and Truist Financial, have increased their price targets, while Citigroup and UBS Group have maintained their ratings [2].

United Rentals' outlook projects $18.8 billion in revenue and $3.5 billion in earnings by 2028. This is based on a 6.2% annual revenue growth rate and a $1.0 billion increase in earnings from the current $2.5 billion level. The company's fair value is estimated to be $886.00, a 5% downside to its current price [3].

Investors should be aware of the risks associated with United Rentals' reliance on large project cycles, which could present headwinds if demand unexpectedly shifts. However, the ongoing share repurchase program of $1.5 billion supports per-share metrics and highlights management's confidence in cash flow [3].

References:
[1] https://www.tipranks.com/news/the-fly/united-rentals-price-target-raised-to-1075-from-921-at-evercore-isi-thefly
[2] https://www.marketbeat.com/instant-alerts/zacks-research-cuts-earnings-estimates-for-united-rentals-2025-08-13/
[3] https://simplywall.st/stocks/us/capital-goods/nyse-uri/united-rentals/news/united-rentals-uri-is-up-82-after-earnings-beat-and-raised-f