Why Did Custom Truck One Source Soar 32.61%?

On May 7, 2025, Custom Truck One Source (CTOS) experienced a significant surge, rising by 32.61% in pre-market trading, marking a notable increase in investor interest and market sentiment.

Analysts from Stifel have maintained a Hold rating on Custom Truck One Source with a price target of $5.00. This decision comes after a thorough evaluation of the company's performance and market conditions. The analysts' steady price target indicates a cautious outlook, suggesting that while the stock may have potential, it is not expected to see substantial growth in the near future.

In a separate move, Baird downgraded Custom Truck One Source from an "outperform" rating to a "neutral" rating, also setting a $5.00 price target. This change in rating reflects a shift in the firm's perspective on the company's future prospects, indicating a more conservative stance on its potential for growth.

Additionally, Stifel Nicolaus adjusted their price target on Custom Truck One Source from $5.50 to $5.00, while keeping a "hold" rating on the stock. This adjustment suggests a slight downward revision in the firm's expectations for the company's performance, aligning with the overall cautious sentiment among analysts.