United Rentals (URI) Maintains Overweight Rating as Secular Trends Support Outlook

United Rentals, Inc. (NYSE:URI) ranks among the best performing S&P 500 stocks in the last 3 months. On August 29, KeyBanc maintained its Overweight rating on United Rentals, Inc. (NYSE:URI) while raising its price target from $960 to $1,075. The rise comes after KeyBanc’s recent study of secular non-residential development trends, with a focus on the data center industry. From January 2020 to July 2025, the firm monitored about 542 data center projects that were announced, with a total estimated investment value of $990 billion.

Despite potential hurdles involving interest rates, legal issues, and power grid limits that could cause certain projects to be delayed or cancelled, KeyBanc believes that forward investment visibility amounts to about $459 billion after adding a conservative 50% discount to outstanding project expenditure.

As an industrial equipment rental company, United Rentals, Inc. (NYSE:URI) provides a variety of machines to customers mostly in the construction industry, including forklifts, cranes, tools, booms, and scissor lifts.

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Disclosure: None. This article is originally published at Insider Monkey.