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Maintaining a Hold on WillScot Mobile Mini Amid Soft Nonresidential Construction Starts and Elevated Macro Uncertainty

Maintaining a Hold on WillScot Mobile Mini Amid Soft Nonresidential Construction Starts and Elevated Macro Uncertainty

William Blair analyst Tim Mulrooney maintained a Hold rating on WillScot Mobile Mini Holdings today and set a price target of $18.65.

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Tim Mulrooney has given his Hold rating due to a combination of factors tied to current construction activity and rising uncertainty. He notes that February nonresidential construction starts, a key demand indicator for WillScot Mobile Mini’s modular units and storage solutions, showed only modest year-over-year growth and a typical seasonal decline versus January, suggesting no clear inflection in project momentum yet.

At the same time, his outlook acknowledges that macroeconomic and geopolitical turbulence are clouding visibility into the pace and durability of a broader project recovery. With nonresidential starts projected to decline slightly this year after already falling in 2024 and 2025, he sees a constrained near‑term growth backdrop, which in his view supports maintaining a neutral, or Hold, stance on the shares rather than moving to a more decisive bullish or bearish call at this stage.

In another report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $17.00 price target.

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