Assessing Quanta Services: Insights From 7 Financial Analysts
Portfolio Pulse from Benzinga Insights
Quanta Services (NYSE:PWR) has received diverse ratings from 7 financial analysts in the last three months, with a shift towards more bullish perspectives. The average 12-month price target for PWR has risen to $256.57, indicating a 10.31% increase from the previous target. Analysts from firms like Citigroup and Goldman Sachs have raised their price targets, reflecting optimism about the company's performance and market position. Quanta Services, a leader in specialty contracting services, has shown impressive financial growth, with a 30.96% revenue increase and strong financial health indicators such as ROE and ROA.
April 22, 2024 | 9:01 pm
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Quanta Services has received increasingly bullish ratings from analysts, with a significant upward revision in the 12-month price target to $256.57, reflecting a positive outlook on the company's financial performance and market position.
The positive shift in analyst ratings and the upward revision of the price target for PWR are indicative of strong financial health and market position. The company's impressive revenue growth and superior performance metrics such as ROE and ROA support a bullish outlook. The consensus among analysts suggests confidence in the company's future performance, potentially leading to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100