Bank of America (BofA) has revised its price target for WillScot Mobile Mini Holdings Corp. (WSC, Financial), reducing it from $43 to $38. Despite this adjustment, the firm continues to recommend purchasing the stock, maintaining a Buy rating.
BofA highlights a "challenging setup" approaching earnings within the Machinery, Engineering & Construction (E&C), and Waste sectors. The bank cautions that these industries may face difficulties, as companies might either lower guidance due to economic uncertainties or risk appearing disconnected from the market realities by not doing so.
In response to these dynamics, BofA is adjusting its price targets in these sectors accordingly. The firm is shifting its focus toward services, including aggregates, rentals, and waste management, rather than concentrating on original equipment manufacturers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for WillScot Holdings Corp (WSC, Financial) is $38.75 with a high estimate of $49.00 and a low estimate of $27.00. The average target implies an upside of 73.78% from the current price of $22.30. More detailed estimate data can be found on the WillScot Holdings Corp (WSC) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, WillScot Holdings Corp's (WSC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for WillScot Holdings Corp (WSC, Financial) in one year is $51.99, suggesting a upside of 133.14% from the current price of $22.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the WillScot Holdings Corp (WSC) Summary page.
