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McGrath RentCorp (MGRC) Stock Forecast & Price Target

McGrath RentCorp (MGRC) Analyst Ratings

Based on 5 analyst ratings
Strong Buy
Strong Buy 60%
Buy 40%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

The outlook for McGrath RentCorp's stock remains positive due to substantial growth in its Modular segment, which accounted for over two-thirds of the company's total adjusted EBITDA and experienced a 23% increase. Additionally, the Mobile Modular rental revenue has consistently expanded by 9%-10% year-over-year in recent quarters, buoyed by a notable increase in monthly revenue per unit by 18% year-over-year in 3Q24. With projected adjusted EBITDA expected to reach $350 million in 2024 and $378 million in 2025, driven by rental rate growth and a robust demand across educational and commercial sectors, the company's financial trajectory appears strong.

Bears say

McGrath RentCorp's financial outlook appears negative due to significant declines in rental revenue across its key segments, particularly the Portable Storage segment, which experienced an 11% decrease attributed to weak demand driven by lower commercial construction activity. Additionally, the TRS-RenTelco segment reported a 10% decline in rental revenue as demand weakened in the semiconductor and wireless sectors, raising concerns over consistent revenue generation. The company's expectations for continued pressure on rental revenues in the upcoming quarter further contribute to an unfavorable outlook, with indications of no anticipated improvements in demand conditions, particularly within commercial construction impacted by interest rate headwinds.

McGrath RentCorp (MGRC) has been analyzed by 5 analysts, with a consensus rating of Strong Buy. 60% of analysts recommend a Strong Buy, 40% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of McGrath RentCorp and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About McGrath RentCorp (MGRC) Forecast

Analysts have given McGrath RentCorp (MGRC) a Strong Buy based on their latest research and market trends.

According to 5 analysts, McGrath RentCorp (MGRC) has a Strong Buy consensus rating as of Jul 3, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $105.80, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $105.80, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

McGrath RentCorp (MGRC)


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