RB Global (RBA) Stock Forecast & Price Target

$84.99

+1.09 (+1.30%)

(As of 02:53 PM ET)

RB Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for RB Global in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 1 has given a hold rating, and 7 have given a buy rating for RBA.

Consensus Price Target

$92.19
8.47% Upside

High Forecast	$105.00
Average Forecast	$92.19
Low Forecast	$73.00

According to the 8 analysts' twelve-month price targets for RB Global, the average price target is $92.19. The highest price target for RBA is $105.00, while the lowest price target for RBA is $73.00. The average price target represents a forecasted upside of 8.47% from the current price of $84.99.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	9 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$92.19	$88.43	$84.14	$66.25
Forecasted Upside	8.47% Upside	17.57% Upside	15.06% Upside	18.51% Upside

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RBA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RBA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

RB Global Stock vs. The Competition

Type	RB Global	Business Services Companies	S&P 500
Consensus Rating Score	2.88	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.82% Upside	256.98% Upside	6.74% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	BMO Capital Markets 4 of 5 stars	J. Gibson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$105.00	+25.07%
8/26/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$79.00 ➝ $92.50	+7.02%
8/8/2024	Raymond James 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $98.00	+25.56%
8/7/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$93.00 ➝ $99.00	+26.52%
8/7/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $86.00	+8.50%
6/18/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Outperform	$95.00	+18.14%
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4/24/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$88.00 ➝ $89.00	+21.85%
11/10/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$71.00 ➝ $73.00	+19.46%
7/10/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$61.00 ➝ $70.00	+17.05%
5/4/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Positive
11/14/2022	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$65.00	+18.53%
11/7/2022	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:13 PM ET.

RBA Forecast - Frequently Asked Questions

What is RB Global's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for RB Global is $92.19, with a high forecast of $105.00 and a low forecast of $73.00.
Should I buy or sell RB Global stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RB Global in the last year. There is currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RBA shares.
Does RB Global's stock price have much upside?: According to analysts, RB Global's stock has a predicted upside of 18.86% based on their 12-month stock forecasts.
What analysts cover RB Global?: RB Global has been rated by research analysts at Bank of America, BMO Capital Markets, Raymond James, Robert W. Baird, and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like RB Global more than its competitors?: Analysts like RB Global more than other "business services" companies. The consensus rating score for RB Global is 2.88 while the average consensus rating score for "business services" companies is 2.66. Learn more on how RBA compares to other companies.