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MasTec (MTZ) Stock Forecast & Price Target

$105.14
+0.87 (+0.83%)
(As of 07/19/2024 ET)

MasTec - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 13 Wall Street analysts who have issued ratings for MasTec in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 3 have given a hold rating, and 10 have given a buy rating for MTZ.

Consensus Price Target

$116.23
10.55% Upside
High Forecast$132.00
Average Forecast$116.23
Low Forecast$92.00

According to the 13 analysts' twelve-month price targets for MasTec, the average price target is $116.23. The highest price target for MTZ is $132.00, while the lowest price target for MTZ is $92.00. The average price target represents a forecasted upside of 10.55% from the current price of $105.14.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$116.23$116.23$96.85$119.80
Forecasted Upside10.55% Upside14.77% Upside15.59% Upside28.51% Upside
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MTZ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MTZ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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MasTec Stock vs. The Competition

TypeMasTecConstruction CompaniesS&P 500
Consensus Rating Score
2.77
2.56
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside10.55% Upside33.65% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/27/2024B. Riley
4 of 5 stars
 Reiterated RatingBuy ➝ Buy$132.00 ➝ $132.00+21.21%
5/28/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$88.00 ➝ $109.00-1.49%
5/13/2024KeyCorp
4 of 5 stars
 Boost TargetOverweight ➝ Overweight$113.00 ➝ $120.00+11.04%
5/7/2024DA Davidson
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 Boost TargetBuy ➝ Buy$100.00 ➝ $120.00+12.34%
5/6/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$100.00 ➝ $120.00+13.14%
5/6/2024Barclays
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 Boost TargetOverweight ➝ Overweight$106.00 ➝ $130.00+22.07%
5/6/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$96.00 ➝ $125.00+17.37%
5/6/2024Truist Financial
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 Reiterated RatingHold ➝ Hold$96.00 ➝ $109.00+7.07%
5/6/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$89.00 ➝ $110.00+8.06%
5/6/2024TD Cowen
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 Boost TargetBuy ➝ Buy$105.00 ➝ $110.00+8.06%
4/22/2024Citigroup
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 Boost TargetBuy ➝ Buy$99.00 ➝ $104.00+23.57%
2/2/2024UBS Group
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 Boost TargetBuy ➝ Buy$89.00 ➝ $92.00+28.92%
8/7/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$118.00 ➝ $130.00+30.57%
12/27/2022Cowen
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 Lower TargetOutperform$125.00 ➝ $120.00+42.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:58 PM ET.

MTZ Forecast - Frequently Asked Questions

What is MasTec's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for MasTec is $116.23, with a high forecast of $132.00 and a low forecast of $92.00.

Should I buy or sell MasTec stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTZ shares.

Does MasTec's stock price have much upside?

According to analysts, MasTec's stock has a predicted upside of 14.99% based on their 12-month stock forecasts.

What analysts cover MasTec?

MasTec has been rated by research analysts at B. Riley, Barclays, Citigroup, Craig Hallum, DA Davidson, KeyCorp, Robert W. Baird, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, and Truist Financial in the past 90 days.

Do Wall Street analysts like MasTec more than its competitors?

Analysts like MasTec more than other "construction" companies. The consensus rating score for MasTec is 2.77 while the average consensus rating score for "construction" companies is 2.56. Learn more on how MTZ compares to other companies.


This page (NYSE:MTZ) was last updated on 7/21/2024 by MarketBeat.com Staff

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