TD Cowen Boosts Quanta Services (NYSE:PWR) Price Target to $775.00

Key Points

• TD Cowen raised its price target on Quanta Services from $570 to $775 and kept a "buy" rating, implying about a 4.53% upside from the current price; other brokers have also lifted targets, leaving a MarketBeat consensus of Moderate Buy with a $660.05 target.
• Shares are trading near their 52‑week high (opened at $741.44) with a market cap of $111.26 billion and a rich valuation (P/E ~101.7), suggesting limited near‑term upside despite bullish analyst calls.
• Quanta beat Q1 estimates—EPS $2.68 vs. $2.04 and revenue $7.87B vs. $7.0B (revenue +26.3% YoY)—and issued FY2026 guidance of 13.55–14.25 EPS versus analysts' ~11.97 projection.

Quanta Services (NYSE:PWR - Get Free Report) had its target price boosted by TD Cowen from $570.00 to $775.00 in a research report issued on Monday. The brokerage currently has a "buy" rating on the construction company's stock. TD Cowen's target price suggests a potential upside of 4.53% from the stock's current price.

Other research analysts have also issued reports about the company. UBS Group lifted their target price on Quanta Services from $518.00 to $646.00 and gave the stock a "buy" rating in a report on Friday, February 20th. B. Riley Financial reaffirmed a "neutral" rating on shares of Quanta Services in a report on Friday. BNP Paribas Exane assumed coverage on Quanta Services in a report on Tuesday, April 14th. They set a "neutral" rating on the stock. Robert W. Baird lifted their target price on Quanta Services from $606.00 to $777.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Cantor Fitzgerald lifted their target price on Quanta Services from $520.00 to $630.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. 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, Quanta Services has a consensus rating of "Moderate Buy" and a consensus target price of $660.05.

Quanta Services Price Performance

Shares of NYSE PWR opened at $741.44 on Monday. Quanta Services has a fifty-two week low of $315.00 and a fifty-two week high of $742.33. The firm's 50-day simple moving average is $578.99 and its 200 day simple moving average is $498.52. 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 market cap of $111.26 billion, a P/E ratio of 101.71, a P/E/G ratio of 3.37 and a beta of 1.24.

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

Hedge Funds Weigh In On Quanta Services

A number of institutional investors have recently bought and sold shares of the stock. Lewis Asset Management LLC increased its stake in Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company's stock worth $380,000 after purchasing an additional 17 shares in the last quarter. Stiles Financial Services Inc increased its stake in Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company's stock worth $542,000 after purchasing an additional 17 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company's stock worth $387,000 after purchasing an additional 20 shares in the last quarter. Quantum Portfolio Management LLC increased its stake in Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company's stock worth $399,000 after purchasing an additional 20 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its stake in Quanta Services by 1.2% in the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company's stock worth $731,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

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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