Quanta Services (NYSE:PWR) Given New $777.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised its price target on Quanta Services to $777 (from $606) and kept an "outperform" rating, implying about a 7.4% upside from the prior close.
• Quanta reported record Q1 results with $7.87B revenue and adjusted EPS $2.68 (beating estimates), and raised FY‑2026 guidance to $13.55–$14.25 alongside a record $48.5B backlog.
• Analyst sentiment remains positive with a consensus of "Moderate Buy" (average target $638.55), as multiple firms have recently lifted price targets and ratings following the strong quarter.

Quanta Services (NYSE:PWR - Get Free Report) had its price target increased by investment analysts at Robert W. Baird from $606.00 to $777.00 in a report released on Friday,MarketScreener reports. The brokerage currently has an "outperform" rating on the construction company's stock. Robert W. Baird's price target would suggest a potential upside of 7.40% from the stock's previous close.

Other equities research analysts have also issued reports about the company. B. Riley Financial upped their price target on Quanta Services from $450.00 to $565.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. BNP Paribas Exane began coverage on Quanta Services in a research report on Tuesday, April 14th. They issued a "neutral" rating for the company. Citigroup upped their price target on Quanta Services from $640.00 to $733.00 and gave the company a "buy" rating in a research report on Monday. DA Davidson upped their price target on Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Finally, Evercore upped their price target on Quanta Services from $604.00 to $635.00 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $638.55.

Quanta Services Price Performance

Shares of Quanta Services stock traded down $4.33 during mid-day trading on Friday, reaching $723.44. 102,105 shares of the stock traded hands, compared to its average volume of 1,089,468. The business has a 50-day moving average of $578.99 and a 200 day moving average of $497.61. Quanta Services has a fifty-two week low of $315.00 and a fifty-two week high of $736.55. The stock has a market capitalization of $108.56 billion, a PE ratio of 106.92, a PEG ratio of 2.85 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.87 billion during the quarter, compared to analysts' expectations of $7 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The business's revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, analysts predict that Quanta Services will post 11.97 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PWR. Cedar Mountain Advisors LLC lifted its stake in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter worth $26,000. Activest Wealth Management lifted its stake in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock worth $27,000 after purchasing an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Quanta Services during the fourth quarter worth $28,000. Finally, Cornerstone Planning Group LLC lifted its stake in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after purchasing an additional 49 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

More Quanta Services News

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

• Positive Sentiment: Record Q1 results: Quanta reported record Q1 revenue of $7.87B, adjusted EPS $2.68 (GAAP diluted EPS $1.45), strong cash flow and a $48.5B backlog — results the company called “record” and that underpin the bullish reaction. QUANTA SERVICES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Raised FY‑2026 guidance: Management lifted full‑year EPS guidance to $13.55–$14.25 and raised revenue targets (roughly $34.7B–$35.2B), topping consensus and signaling stronger-than-expected demand and margin prospects. View Press Release / Conference Call
• Positive Sentiment: Record backlog and infrastructure demand: Management and analysts highlighted a record backlog/RPO and sustained infrastructure spending (power, data centers, electrification), supporting multi‑year revenue visibility. This backlog lift was a headline on the earnings call. Quanta Services Lifts Outlook on Record Backlog
• Positive Sentiment: Analyst reaction: At least one firm (Truist) raised its price target after the results, reflecting improved earnings power and supporting further upside in the stock. Truist Raises PT on Quanta Services (PWR) Stock
• Positive Sentiment: Market commentary and momentum: Multiple market outlets note the shares are rallying on the earnings beat, raised outlook and infrastructure tailwinds — reinforcing short‑term buying interest. Quanta Services Shares Rally On Record Infrastructure Demand
• Neutral Sentiment: Earnings call details/transcript: The full call transcript provides color on segment execution, margin drivers, and project cadence — useful for due diligence but not materially new beyond the headline beat and guidance. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst and sector write‑ups: Several analyst notes and comparisons (Zacks, The Motley Fool) walk through key metrics and explain why the stock is powering higher this week — helpful context on valuation, risks and competitive positioning. Why Quanta Services Stock Is Powering Higher This Week

Quanta Services Company Profile

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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