BofA cuts WillScot stock price target on 2026 guidance update

Investing.com · 2026-11-06 14:27 UTC

BofA cuts WillScot stock price target on 2026 guidance update

Investing.com - BofA Securities lowered its price target on WillScot Holdings Corp (NASDAQ:WSC) to $26.00 from $32.00 while maintaining a Buy rating. Despite the stock trading at $17.84, down 23% over the past six months, InvestingPro analysis suggests the shares remain undervalued, appearing on the platform’s Most Undervalued list.

The firm noted WillScot’s third-quarter results beat expectations and the company raised its 2026 revenue guidance by 2% and capital expenditure guidance by 7%. The $3.23 billion market cap company maintains impressive gross profit margins of 52%, according to InvestingPro data. WillScot provided an initial outlook for 2027 based on visibility into the first half of the year, projecting low single-digit revenue growth and mid single-digit EBITDA growth, broadly in line with consensus estimates.

The third quarter showed an inflection in modular utilization on rent, which increased 1.2% year-over-year after several quarters of activations rising 12% year-over-year in the third quarter. The order book in modular is up over 20% year-over-year, driving a growing pipeline into the first half of 2027.

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