JPMorgan cuts target for United Rentals stock to USD 1,170
Published on 10/09/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- JPMorgan cut its United Rentals price target from USD 1,235.00 to USD 1,170.00 on September 10, 2026.
- Second-quarter 2026 revenue reached USD 4.41 billion, up 11.80 percent year over year.
- The Lang & Schwarz quote was EUR 935.90 on October 9, 2026, down 0.62 percent versus EUR 941.70.
- United Rentals scheduled its third-quarter 2026 earnings release for October 21, 2026, followed by a call on October 22, 2026.
JPMorgan cut its United Rentals stock price target from USD 1,235.00 to USD 1,170.00 on September 10, 2026, according to Fidelity. The change took the bank's view from Overweight to Neutral and puts valuation against a second-quarter revenue base of USD 4.41 billion.
Three milestones shape the setup
On July 23, 2026, United Rentals raised its fiscal 2026 revenue outlook to USD 17.5 billion-USD 17.8 billion from USD 16.9 billion-USD 17.4 billion, as reported by ScanX. On September 10, 2026, JPMorgan lowered its target to USD 1,170.00 from USD 1,235.00. On October 8, 2026, the company scheduled its third-quarter release for October 21 and its conference call for October 22, with fleet original cost at USD 23.75 billion, according to ScanX.
Revenue growth meets margin pressure
United Rentals reported second-quarter 2026 revenue of USD 4.41 billion, an 11.80 percent year-over-year increase, while adjusted earnings reached USD 12.76 per share, up 21.90 percent from USD 10.47, according to Zacks. Rental revenue increased 12.70 percent to USD 3.85 billion, and Specialty segment rental revenue rose 24.80 percent to USD 1.43 billion.
What does the guidance mean for margins?
The second-quarter adjusted EBITDA margin was 46.60 percent, including a USD 49 million gain from the sale of part of the scaffolding business. Excluding that gain, the margin declined 40 basis points because of the Specialty Rentals mix, while the gross margin improved to 39.30 percent from 38.90 percent, Zacks reported on August 21, 2026.
That mix explains the tension between a higher revenue outlook and JPMorgan's lower target. The operating picture is expanding, but the margin contribution differs by business line, making the October results a direct test of whether project demand can offset Specialty mix pressure.
October dates set the next checkpoint
ScanX reports that United Rentals will issue its third-quarter 2026 results after the market close on October 21, 2026, then hold the earnings call at 8:30 a.m. ET on October 22, 2026. The primary-market quote was USD 1,042.62 at 9:48 a.m. ET on October 9, 2026, while its 52-week range was USD 701.59 to USD 1,179.18; market capitalization was USD 64.9 billion on the same date.
Stock trades lower in Germany
United Rentals stock was trading at EUR 935.90 at Lang & Schwarz on October 9, 2026 at 3:39 p.m. CEST, down 0.62 percent versus the prior close of EUR 941.70 on October 8, 2026. The company is listed on the NYSE under URI and belongs to the S&P 500.
The further course of trading is shown by the continuously updated real-time quote of United Rentals stock.
United Rentals stock facts
- Company: United Rentals, Inc.
- ISIN: US9113631090
- Ticker: URI
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 3:39 p.m. CEST): EUR 935.90
- Change versus prior close: minus 0.62 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 941.70
- Market capitalization: USD 64.9 billion (as of October 9, 2026)
- 52-week range: USD 701.59-1,179.18 (as of October 9, 2026)
- Sector / Industry: Industrials / Rental and Leasing Services
- Index membership: S&P 500
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
