MasTec (NYSE:MTZ) Price Target Raised to $498.00

Key Points

• Mizuho raised its price target on MasTec to $498 with an "outperform" rating, implying about a 17.16% upside from the stock's current level.
• MasTec reported record Q1 results, beating revenue ($3.83B vs. $3.47B est.) and EPS ($1.39 vs. $0.98 est.), and set FY2026 guidance at 8.79 EPS (Q2 guidance 2.20), underpinning the bullish case.
• Multiple sell‑side firms (Goldman Sachs, Citi, UBS, etc.) have raised targets this week; of 20 analysts coverage, 17 rate the stock Buy and 3 rate it Hold, with an average price target of $422.29.

MasTec (NYSE:MTZ - Get Free Report) had its target price boosted by investment analysts at Mizuho from $428.00 to $498.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Mizuho's price target would indicate a potential upside of 17.16% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group boosted their price target on shares of MasTec from $420.00 to $453.00 and gave the company a "buy" rating in a research report on Friday. Citigroup boosted their price target on shares of MasTec from $440.00 to $483.00 and gave the company a "buy" rating in a research report on Monday. The Goldman Sachs Group boosted their price target on shares of MasTec from $348.00 to $487.00 and gave the company a "buy" rating in a research report on Monday. B. Riley Financial reiterated a "buy" rating on shares of MasTec in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of MasTec from $346.00 to $386.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $422.29.

MasTec Price Performance

MTZ stock opened at $425.05 on Tuesday. The firm's 50-day moving average price is $328.15 and its two-hundred day moving average price is $260.37. MasTec has a 12-month low of $139.56 and a 12-month high of $429.04. The stock has a market capitalization of $33.51 billion, a price-to-earnings ratio of 74.44 and a beta of 1.82. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The company's revenue for the quarter was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities analysts predict that MasTec will post 8.2 earnings per share for the current year.

Insider Activity

In related news, Director Ernst N. Csiszar sold 6,500 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the sale, the director owned 17,235 shares of the company's stock, valued at $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Javier Alberto Palomarez sold 950 shares of the business's stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the sale, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.40% of the company's stock.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in MasTec by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company's stock worth $1,278,391,000 after acquiring an additional 34,899 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company's stock worth $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Peconic Partners LLC lifted its stake in shares of MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company's stock worth $347,792,000 after buying an additional 850,000 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of MasTec by 28.3% in the fourth quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company's stock worth $285,066,000 after buying an additional 289,258 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of MasTec by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company's stock worth $265,395,000 after buying an additional 94,344 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec reported record Q1 results and raised 2026 guidance, beating revenue and EPS expectations — the underlying strength and upgraded guidance underpin the bullish case for continued margin and revenue expansion. MasTec Is Up After Record Q1
• Positive Sentiment: Several sell-side firms raised price targets and kept Buy/Outperform ratings this week — notable moves include Goldman Sachs ($487 PT), Citi ($483 PT), TD Cowen ($445 PT) and Robert W. Baird ($473 PT). Those upgrades signal analyst confidence in MasTec’s backlog, end-market exposure and FY26 outlook, supporting further upside. Goldman Sachs / TickerReport Citi / Benzinga TD Cowen / TickerReport
• Positive Sentiment: Robert W. Baird issued a fresh positive forecast for MasTec, reinforcing the buy-side momentum and adding another reputable voice bullish on the stock. Baird Forecast
• Neutral Sentiment: Macro/sector note — a recent piece on AI data-center growth highlights rising demand for power and infrastructure services (the type of work MasTec executes). This is a broader tailwind but not company-specific proof of new awards. AI Data Centers Reshaping Power Market

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.