Jefferies Financial Group Issues Positive Forecast for Quanta Services (NYSE:PWR) Stock Price

Key Points

• Jefferies raised its price target on Quanta to $857 and maintained a "buy" rating, joining other firms (UBS $900, Goldman $826, TD Cowen, BMO) in lifting targets; consensus remains a Moderate Buy with an average price target of $695.73.
• Quanta reported a strong Q1 beat (EPS $2.68 vs. $2.04; revenue $7.87B vs. $7.0B) and issued FY2026 guidance of $13.55–$14.25 EPS, supporting analyst upgrades and expectations of sustained demand from AI/data‑center and electrification projects.
• Shares trade near their 12‑month high (~$765) but carry a rich valuation (P/E ~104), so further upside depends on continued earnings acceleration despite heavy institutional ownership (~90%).

Quanta Services (NYSE:PWR - Get Free Report) had its price objective increased by equities research analysts at Jefferies Financial Group from $654.00 to $857.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a "buy" rating on the construction company's stock. Jefferies Financial Group's price target suggests a potential upside of 11.92% from the company's previous close.

Other analysts have also issued research reports about the stock. DA Davidson raised their price target on shares of Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. The Goldman Sachs Group raised their price target on shares of Quanta Services from $685.00 to $826.00 and gave the company a "buy" rating in a research report on Monday. BMO Capital Markets lifted their target price on shares of Quanta Services from $650.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday. TD Cowen lifted their target price on shares of Quanta Services from $570.00 to $775.00 and gave the company a "buy" rating in a research report on Monday. Finally, UBS Group lifted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the company a "buy" rating in a research report on Monday. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and an average price target of $695.73.

Quanta Services Stock Performance

Shares of NYSE:PWR traded up $8.41 during midday trading on Monday, reaching $765.75. The company's stock had a trading volume of 223,465 shares, compared to its average volume of 1,095,150. The firm has a market capitalization of $114.91 billion, a PE ratio of 104.69, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $578.99 and a 200 day moving average of $498.52. Quanta Services has a twelve month low of $315.45 and a twelve month high of $775.06.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm's revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the business earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts expect that Quanta Services will post 11.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SouthState Bank Corp raised its stake in shares of Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company's stock valued at $46,000 after acquiring an additional 16 shares during the period. Lewis Asset Management LLC raised its stake in shares of Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company's stock valued at $380,000 after acquiring an additional 17 shares during the period. Stiles Financial Services Inc raised its stake in shares of Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company's stock valued at $542,000 after acquiring an additional 17 shares during the period. Ethos Financial Group LLC raised its stake in shares of Quanta Services by 1.8% in the 1st quarter. Ethos Financial Group LLC now owns 1,064 shares of the construction company's stock valued at $584,000 after acquiring an additional 19 shares during the period. Finally, Arete Wealth Advisors LLC raised its stake in shares of Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company's stock valued at $387,000 after acquiring an additional 20 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Multiple analyst price‑target increases and reiterated buy ratings — UBS raised its target to $900 and kept a buy rating, Goldman Sachs raised to $826 (buy), and TD Cowen boosted its target to $775 — signaling stronger sell‑side conviction. UBS Price Target Goldman Price Target TD Cowen Forecast
• Positive Sentiment: Quarterly results and commentary continue to look strong — Q1 revenue and EPS outperformed consensus and management gave robust FY guidance, which underpins the analyst upgrades. Earnings Coverage
• Positive Sentiment: Secular demand tailwind from AI/data‑center buildouts boosting electricity and grid work — analysts and commentators are highlighting Quanta as a key beneficiary of the accelerating data‑center and electrification projects. AI Data Center Demand
• Positive Sentiment: High-profile endorsements and coverage (Jim Cramer, Motley Fool pieces) are raising retail and institutional visibility for Quanta’s long‑term growth story. Cramer Mention Motley Fool
• Neutral Sentiment: Consensus analyst rating remains around “Moderate Buy,” reflecting broad support but not unanimous enthusiasm — the upgrades tighten conviction but consensus is not unanimous. Consensus Rating
• Negative Sentiment: Valuation and positioning risks — PWR trades at a high P/E (~104) and is near its 12‑month high, so upside may be limited absent continued earnings acceleration; investors should weigh the premium vs. execution risk and cyclical project timing.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.

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