The price of CTOS is predicted to go up -2.25%, based on the high correlation periods with ARAY. The similarity of these two price pattern on the periods is 93.7%.
CTOS
ARAY
Down: -2.25%Similarity: 93.7%
CTOS Revenue Forecast
CTOS EPS Forecast
CTOS FAQs
What is bull’s view on CTOS?
CTOS stock has a bullish outlook with a price target of $5, reflecting a 14.81% upside potential. This optimism is supported by a 3% year-over-year revenue growth in Q3 2024, despite challenges in profitability and guidance adjustments. Analysts maintain a positive stance, expecting operational improvements and market recovery to drive future growth.
What is bear's view on CTOS?
CTOS stock is currently bearish, closing at $5.09 on January 31, 2025, down 3.78% for the day. The company's low ROCE of 5.3% (well below the industry average of 12%) and stagnant returns despite increased capital investment raise concerns about its growth potential. Additionally, its recent quarterly loss and Zacks Rank #5 (Strong Sell) indicate expected underperformance in the near term.
What is CTOS revenue forecast for next quarter?
The market consensus for CTOS's revenue in the upcoming quarter is projected to be approximately $430.942M USD.
Oppenheimer analyst Scott Schneeberger lowered the firm's price target on Custom Truck One Source to $5 from $6 and keeps an Outperform rating on the shares. The firm notes the company's Q3 revenue increased 3% year-over-year to $447M vs. its estimate/consensus of $424M/$448M, respectively. Custom Truck lowered the high-end of its 2024 revenue guidance range to $1.800B-$1.890B, which compares to Oppenheimer's maintained estimate of $1.800B.