Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) is one of the 10 Best New Stocks to Buy Other Than SpaceX.
On June 24, 2026, Citi lowered its price target on Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) to $90 from $95 and kept a Buy rating
Citi updated its model after the fiscal Q4 report and cited a slightly less constructive rental margin outlook for the lower target. On June 23, Sunbelt Rentals reported Q4 adjusted EPS of 74c, below the 76c consensus, while revenue of $2.75B topped the $2.64B consensus. CEO Brendan Horgan said fiscal 2026 was a “strong year,” citing the company’s customer-led strategy, disciplined execution, and team performance.
Horgan also pointed to strong fourth-quarter momentum, with North America Specialty rental revenue up 15% and North America General Tool growing 4%. Sunbelt also announced the acquisition of Reliant Asset Management, which Horgan described as part of its bolt-on acquisition strategy and said is expected to be EPS accretive in year one after closing. Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) sees FY27 revenue growth of 4.5%-7.5%, rental revenue growth of 5%-8%, and adjusted EBITDA of $4.85B-$5.05B.