KeyBanc raised the firm’s price target on United Rentals (URI) to $1,075 from $960 and keeps an Overweight rating on the shares. The firm says it has tracked 542 Data Center projects announced from January 2020 through July 2025 for a total investment value of $990B, which excludes significantly large blanket announcements. While KeyBanc acknowledges that factors such as interest rates, local legal battles, and power grid constraints could cause some project delays or cancellations, it estimates there is $459B in forward investment visibility after taking a conservative 50% discount to remaining project spending.
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