Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
Investing.com - MasTec (NYSE:MTZ) received a Buy rating from Texas Capital Securities on Thursday, as the firm initiated coverage on the utility infrastructure contractor with a $250.00 price target. The stock, currently trading at $173.67, has shown impressive momentum with a 53.3% return over the past year. According to InvestingPro data, analysts maintain a strong bullish consensus with price targets ranging from $140 to $227.
Texas Capital Securities highlighted MasTec’s position as the second-largest utility infrastructure contractor in the market, building electrical transmission and distribution, pipeline, telecom, alternative energy, and civil infrastructure projects. With a market capitalization of $13.5 billion and revenue growth of 7.1% in the last twelve months, MasTec demonstrates significant market presence.
The firm noted that MasTec benefits from its extensive experience and scale, diversification across end markets, and successful track record of safe, timely, and on-budget performance for critical infrastructure projects. InvestingPro analysis reveals 14 additional key insights about MasTec’s performance and outlook, available to subscribers.
Texas Capital Securities emphasized that MasTec provides both recurring maintenance-like services and new construction for major infrastructure providers who spend billions on individual projects.
The research firm specifically pointed to MasTec’s expertise in managing a large labor force working outdoors on extensive projects, and its notable diversification that serves as a hedge against megatrend spending cycles.
In other recent news, MasTec reported a strong financial performance for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.49, compared to the forecasted $1.40, and reported revenue of $3.54 billion, exceeding projections of $3.4 billion. Following these results, MasTec raised its guidance for fiscal year 2025, a move viewed positively by analysts. Jefferies responded by raising its price target for MasTec to $218, maintaining a Buy rating. Similarly, Stifel increased its price target to $198, also maintaining a Buy rating. KeyBanc raised its price target from $196 to $205, reiterating an Overweight rating. These developments indicate that analysts are optimistic about MasTec’s growth prospects. The company is seen as being in the early stages of a revitalized growth story, with multiple avenues for expansion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.