Alta Equipment Group (ALTG) PT Cut to $7 by DA Davidson Following Q3 Earnings Miss

Alta Equipment Group Inc. (NYSE:ALTG) is one of the best NYSE penny stocks to invest in right now. On November 12, DA Davidson cut the firm’s price target on Alta Equipment to $7 from $8 with a Neutral rating on the shares after the company posted its Q3 2025 earnings miss. The company saw a loss per share of $1.31 in the said quarter. Given these circumstances, DA Davidson is now lowering its adjusted EBITDA outlook for 2025 and 2026 due to the impact of tariffs, the presence of mixed end markets, and the persistent competitive pricing dynamics within the Construction Equipment segment.

In the company’s Q3 2025 earnings report, Alta Equipment Group detailed a quarter challenged by soft equipment sales but marked by strategic and operational improvements. The company experienced an organic reduction in revenue of 5.8% year-over-year, with total equipment sales facing challenges in Q3. However, demand improved through September and into October, which was the strongest month of the year for new equipment sales.

Alta Equipment Group Inc. (NYSE:ALTG) owns and operates integrated equipment dealership platforms in the US and Canada. It has three segments: Material Handling, Construction Equipment, and Master Distribution.

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