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Investing.com - KeyBanc maintained its Overweight rating and $205.00 price target on MasTec (NYSE:MTZ), currently trading at $177.80, in a research note released Monday. According to InvestingPro data, the stock has delivered an impressive 60% return over the past year.
The investment firm believes MasTec is in the early stages of a revitalized growth story with multiple avenues to achieve expansion, while management continues to guide conservatively to maintain credibility with investors. This outlook is supported by the company’s 7.1% revenue growth in the last twelve months, with InvestingPro analysis showing 8 analysts revising their earnings estimates upward for the upcoming period.
KeyBanc expects MasTec can achieve structurally higher margins across segments, potentially reaching double digits over time, with pipeline growth possibly accelerating that timeline.
The firm’s $205 price target is based on 13.5x 2026 estimated EBITDA, which still represents a significant discount to MasTec’s peers in the sector.
KeyBanc analysts noted they sense "a clear mandate toward improving profitability vs. driving the top line" at MasTec, and have adjusted their estimates to fine-tune the profit and loss statement while keeping EBITDA projections unchanged.
In other recent news, MasTec reported strong financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.49, outpacing the forecast of $1.40, and reported revenue of $3.54 billion, exceeding the anticipated $3.4 billion. Following these results, MasTec raised its guidance for fiscal year 2025. Analysts responded positively, with Jefferies increasing its price target to $218 and maintaining a Buy rating. Stifel also raised its price target to $198, citing the company’s strong second-quarter performance and raised guidance. KeyBanc followed suit, adjusting its price target to $205 and keeping an Overweight rating. Despite the positive financial performance and analyst optimism, MasTec’s stock experienced a decline in premarket trading. These developments reflect recent activities surrounding MasTec and its financial outlook.
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