Custom Truck One Shares Soar 10.10% on Analyst Upgrade

Custom Truck One(CTOS) shares surged 10.10% over the past two days, reaching its highest level since December 2024 with an intraday gain of 15.15%.

The strategy of buying CTOS shares after they reached a recent high and selling them one week later delivered moderate returns but came with significant volatility and risk. The strategy’s CAGR was 11.11%, with a total return of 30.19% significantly outperforming the benchmark, which had a return of -100.00%. However, the strategy had a maximum drawdown of 0.00%, a Sharpe ratio of 0.22, and a volatility of 51.66%, indicating a risky approach with considerable fluctuations.

Custom Truck One Source (CTOS) has seen substantial growth in its share price, driven by positive analyst upgrades. Stifel upgraded CTOS from 'Hold' to 'Buy' and raised the price target from $5 to $7, indicating strong confidence in the company's ability to capitalize on rising T&D utilization rates. This upgrade has been a significant factor in the recent increase in share price, with reports of a notable rise in recent trading sessions.

In addition to the analyst upgrade, CTOS announced that it will release its financial results for Q2 2025. This upcoming report is expected to provide further insights into the company's performance and may influence stock performance as CTOS signals growth across travel, utility, and infrastructure markets in North America.