-- RBC Capital Markets raised its price target on RBA Global Inc. (RBA.TO, RBA) to US$150 from US$146.
Analyst Sabahat Khan maintained an Outperform rating on shares of the global marketplace company following its quarterly results.
"RBA reported Q1 ahead of consensus (2026 guidance also taken higher), with results reflecting a 5th consecutive quarter of share gains for IAA, strong underlying cost control, and continued M&A activity, all of which we view positively," Khan said in a note to clients.
"That said, our investor discussions indicate that AI-related concerns have weighed on the shares recently, which we believe is unjustified given RBA's business model/competitive positioning/moat," the analyst said.
"At a 2026E P/E of 22.8x, we continue to see compelling value in the shares."