Quanta Services, Inc. is a $56 billion infrastructure construction contractor for electric & gas utilities, renewables, and more. PWR stock has surged 40.4% over the past year, outperforming the S&P 500. Despite a 1.2% decline after Q2 results, Quanta’s Q2 topline soared 21.1% year-over-year to $6.8 billion. Operating cash flows dropped by 24.4%.

Analysts expect PWR to report an adjusted EPS of $9.70 for fiscal 2025, up 18.2% year-over-year. The stock has a consensus “Moderate Buy” rating, with 15 “Strong Buys” and 12 “Holds.” Evercore ISI Group analyst raised the price target to $410 on Aug. 8, representing a 13.6% premium to current levels.

As of now, Quanta’s mean price target of $429.74 suggests a 13.6% premium, while the street-high target of $490 indicates a 29.6% upside potential. Analysts’ recommendations have become less optimistic compared to three months ago.

Read more at Yahoo Finance: Do Wall Street Analysts Like Quanta Services Stock?