Critical Insights From Quanta Services Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Quanta Services (NYSE:PWR) received mixed analyst ratings in the last quarter, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for PWR is $230.75, marking a 3.48% increase from the previous target of $223.00. Analysts from Evercore ISI Group, Citigroup, and Stifel have recently adjusted their ratings and price targets, reflecting optimism about the company's performance and market position. Quanta Services, a leader in specialty contracting services, has shown strong financial health with significant revenue growth, high net margin, and effective debt management.
February 13, 2024 | 1:00 pm
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POSITIVE IMPACT
Quanta Services has received increasingly positive analyst ratings, with a new average 12-month price target of $230.75. This reflects a bullish sentiment based on the company's strong financial performance and market position.
The positive shift in analyst ratings and the increase in the average price target for Quanta Services are indicative of the company's strong financial health and market position. The recent adjustments by analysts from Evercore ISI Group, Citigroup, and Stifel, along with the company's significant revenue growth, high net margin, and effective debt management, contribute to a bullish outlook for PWR in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100