A Closer Look at 21 Analyst Recommendations For MasTec
Portfolio Pulse from Benzinga Insights
MasTec (NYSE:MTZ) has received diverse analyst ratings, with a recent upward trend in price targets, indicating a positive outlook. The average 12-month price target is now $106.81, a 17.15% increase from the previous $91.17. Analysts from firms like Keybanc, DA Davidson, and Barclays have raised their price targets, reflecting optimism about MasTec's performance. Despite challenges in net margin and ROE, MasTec's revenue growth and market capitalization are highlighted positively.
May 13, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MasTec has seen a positive shift in analyst ratings, with an increased average price target of $106.81. This reflects a bullish sentiment among analysts, despite some financial challenges such as a lower net margin and ROE. The company's revenue growth and significant market capitalization are likely to contribute positively to its stock performance in the short term.
The increase in MasTec's average price target by analysts, along with the positive adjustments in their ratings, suggests a strong bullish sentiment. This optimism is based on the company's revenue growth and market presence. However, investors should also consider the financial challenges such as the lower net margin and ROE. The overall positive analyst outlook, combined with the company's strategic position in infrastructure construction, supports a short-term positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100