Quanta Services (NYSE:PWR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase raised its price target on Quanta Services to $805 (from $627) and kept an "overweight" rating, implying roughly an 11.3% upside, while multiple other firms also lifted targets and the consensus sits at a "Moderate Buy" with an average target of $638.55.
• Quanta reported record Q1 results — $7.87B revenue and $2.68 adjusted EPS — and raised FY‑2026 guidance to $13.55–$14.25 with a $48.5B backlog, fueling analyst upgrades and short‑term stock momentum.

Quanta Services (NYSE:PWR - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $627.00 to $805.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has an "overweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 11.27% from the stock's current price.

Several other research firms have also issued reports on PWR. Wolfe Research increased their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. B. Riley Financial increased their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Robert W. Baird raised their price target on shares of Quanta Services from $490.00 to $606.00 and gave the company an "outperform" rating in a report on Friday, February 20th. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and raised their price target for the company from $600.00 to $650.00 in a report on Friday, March 27th. Finally, Roth Mkm raised their price target on shares of Quanta Services from $600.00 to $650.00 and gave the company a "buy" rating in a report on Monday, April 6th. 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $638.55.

Quanta Services Trading Down 0.6%

Shares of Quanta Services stock traded down $4.33 during trading hours on Friday, hitting $723.44. The company's stock had a trading volume of 102,105 shares, compared to its average volume of 1,089,468. Quanta Services has a 1-year low of $315.00 and a 1-year high of $736.55. The business has a fifty day moving average of $578.99 and a 200 day moving average of $497.61. The company has a market capitalization of $108.56 billion, a PE ratio of 106.92, a P/E/G 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 released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business's quarterly 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. As a group, equities analysts forecast 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 the stock. Vanguard Group Inc. boosted its stake in Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock valued at $7,519,079,000 after acquiring an additional 386,937 shares during the last quarter. State Street Corp boosted its stake in Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company's stock valued at $2,619,626,000 after acquiring an additional 126,014 shares during the last quarter. Geode Capital Management LLC boosted its stake in Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company's stock valued at $1,718,371,000 after acquiring an additional 110,360 shares during the last quarter. Bank of America Corp DE boosted its stake in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock valued at $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company's stock valued at $1,230,493,000 after acquiring an additional 758,862 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Key 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

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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