United Rentals (URI) Maintains Overweight Rating as Secular Trends Support Outlook

United Rentals, Inc. (NYSE:URI) ranks among the best performing S&P 500 stocks in the last 3 months. On August 29, KeyBanc maintained its Overweight rating on United Rentals, Inc. (NYSE:URI) while raising its price target from $960 to $1,075. The rise comes after KeyBanc’s recent study of secular non-residential development trends, with a focus on the data center industry. From January 2020 to July 2025, the firm monitored about 542 data center projects that were announced, with a total estimated investment value of $990 billion.

Pixabay/Public Domain

Despite potential hurdles involving interest rates, legal issues, and power grid limits that could cause certain projects to be delayed or cancelled, KeyBanc believes that forward investment visibility amounts to about $459 billion after adding a conservative 50% discount to outstanding project expenditure.

As an industrial equipment rental company, United Rentals, Inc. (NYSE:URI) provides a variety of machines to customers mostly in the construction industry, including forklifts, cranes, tools, booms, and scissor lifts.

While we acknowledge the potential of URI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than URI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.