Raymond James Upgrades RB Global, Inc. to 'Buy' with $145 Target
Raymond James analyst Steve Hansen raises RB Global, Inc. to a 'buy' rating, setting a price target of $145, a 24.80% upside from the current price.
Key Points
- Raymond James analyst Steve Hansen raised RB Global, Inc. to a 'buy' rating with a $145 price target on June 30, 2026.
- Raymond James's $145 price target implies 24.80% upside from RB Global, Inc.'s ($RBA) current $116.19 share price.
- Shares of NYSE:RBA traded near $113.95 on Tuesday, with a market cap of $21.48 billion and a P/E ratio of 53.88.
- RB Global insiders reported various transactions, including a planned sale by Chief Accounting Officer Christopher Carlson.
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Raymond James analyst Steve Hansen has upgraded RB Global, Inc. (NYSE:RBA) to a 'buy' rating, setting a new price target of $145. This change was announced on June 30, 2026. Shares of RB Global traded near $113.95 on Tuesday, reflecting the market's response to the analyst's optimism.
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Analysts Set New Price Targets
On June 30, 2026, Raymond James upgraded RB Global, Inc. to a 'buy' rating with a $145 price target. Previously, Barclays initiated coverage with a 'buy' rating and a $124 target on May 28, 2026. RBC Capital maintained its 'buy' rating with a target of $150 on May 5, 2026. Overall, the consensus among 11 analysts is a 'buy', with a mean target price of $127.73.
RB Global, Inc. Stock Up 35.0%
Shares of NYSE:RBA traded near $113.95 on Tuesday. RB Global, Inc. has a market capitalization of approximately $21.48 billion, with a P/E ratio of 53.88 and a forward P/E of 23.64. The stock has a 52-week range between $93.58 and $119.58. Its 50-day moving average is $105.76, while the 200-day moving average is $104.85. The company's beta is 0.564, indicating lower volatility compared to the broader market.
$RBA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at RB Global, Inc.
Insider activity at RB Global, Inc. included a planned sale by Chief Accounting Officer Christopher Carlson, who sold 150 shares at an average price of $115 on June 25, 2026. Other insiders, including Robert George Elton, Carol Stephenson, and Timothy O'Day, made small purchases of shares on June 18, 2026.
About RB Global, Inc.
RB Global, Inc., headquartered in Westchester, Illinois, operates a marketplace offering various services for buyers and sellers of commercial assets and vehicles worldwide. The company's brands include Ritchie Bros., IAA, Rouse, SmartEquip, and Veritread, covering sectors like automotive, construction, and agriculture. Led by CEO James F. Kessler, RB Global employs around 8,000 people.
Bottom Line
Raymond James' upgrade of RB Global, Inc. to a 'buy' rating with a $145 price target reflects increased confidence in the company's prospects. Investors often track such analyst updates for insights into potential stock movements. As always, remember that analyst ratings are just one of many factors to consider when evaluating a stock.
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