RBC Capital has increased its price target for RB Global Inc (NYSE: RBA) to $146 from $137 and retained an Outperform rating, citing the company’s better-than-expected fourth-quarter performance and a stronger-than-anticipated 2026 gross transaction value outlook. The $146 target is the highest among analysts covering the stock, which is trading at $104.08 according to InvestingPro data.
The upgrade followed RB Global’s Q4 results, which topped consensus estimates. Management also provided a 2026 gross transaction value outlook that exceeded RBC Capital’s prior projections. Over the last twelve months the company reported $4.53 billion in revenue, representing 8.26% revenue growth.
RB Global’s adjusted EBITDA guidance either matched or surpassed both RBC Capital’s and consensus forecasts. RBC Capital characterized that guidance as a prudent baseline, suggesting room for upside relative to expectations. The company produced $1.24 billion in EBITDA over the past twelve months, and analysts anticipate continued profitability through the current year.
Shares of RB Global had slipped ahead of the earnings release amid investor worries tied to artificial intelligence, a factor that drove an 8.61% decline over the prior week, per InvestingPro data. Management addressed those concerns by pointing to the company’s competitive advantages rooted in its global footprint and platform capabilities. Despite the recent volatility, InvestingPro’s assessment places RB Global’s financial health at a "GOOD" score.
RBC Capital indicated it expects a favorable market reaction to the results and outlook on February 18 based on the combination of the quarter’s strength and the forward-looking 2026 metrics. The company is trading at a relatively high price-to-earnings multiple of 49.77, and InvestingPro notes there are several other factors that could influence the stock’s trajectory that were not detailed in the firm’s commentary.
Quarterly details reinforce the upbeat picture. RB Global reported adjusted earnings per share of $1.11 for the fourth quarter, outpacing the analyst estimate of $0.98 by $0.13. Quarterly revenue was $1.2 billion, ahead of the $1.16 billion consensus and marking a 5% year-over-year increase. Management attributed these results to robust performance across the company’s auction business segments.
Analysts across multiple firms have taken note of RB Global’s ability to deliver results that exceed expectations, and those reactions fed into RBC Capital’s revision of its valuation target. Investors seeking more in-depth coverage can access the full Pro Research Report on RB Global, one of more than 1,400 U.S. equities covered on the platform.
While the immediate outlook from RBC is constructive, the stock’s valuation and recent headline-driven volatility remain factors market participants are watching.