Quanta Services, Inc. (NYSE:PWR) is a leading provider of infrastructure solutions for the electric power, renewable energy, and underground utility sectors. The company is known for its diverse range of services, which include designing, installing, and maintaining infrastructure. Quanta's strategic initiatives and market position have contributed to its strong performance and positive analyst sentiment.
The consensus price target for Quanta Services has shown a notable upward trend over the past year. Last month, the average price target was $470.33, indicating positive sentiment among analysts. Three months ago, the average price target for Quanta Services was $442.75, marking a significant increase of $27.58 in just one quarter. Quanta's robust market position and strategic initiatives are expected to contribute to its continued success.
A year ago, the average price target for Quanta Services stood at $389.58. The current target represents an increase of $80.75 over the year, highlighting a strong upward trajectory in analyst expectations. As highlighted by Zacks, Quanta is one of the key construction stocks expected to outperform due to favorable earnings projections.
