MasTec stock price target raised to $237 from $198 at Stifel

Investing.com - Stifel raised its price target on MasTec (NYSE:MTZ) to $237.00 from $198.00 on Thursday, maintaining a Buy rating on the infrastructure construction company’s shares. The stock, currently trading near its 52-week high of $221.83, has delivered an impressive 71.38% return over the past year. According to InvestingPro data, 8 analysts have recently revised their earnings expectations upward.

The firm cited positive long-term growth prospects across MasTec’s diverse business segments, particularly highlighting strong tailwinds in the communications sector driven by increasing bandwidth demand.

Stifel noted emerging opportunities in the pipeline business, specifically in carbon capture and clean hydrogen, despite what it characterized as low longer-term expectations for this segment.

The research firm expressed optimism about MasTec’s renewables and civil infrastructure operations, predicting significant fiscal stimulus would serve as a growth catalyst in the coming years.

For MasTec’s transmission and distribution (T&D) business, Stifel projected continued steady growth in utility investment, driven by grid hardening and modernization efforts, as well as infrastructure needed to support renewable energy adoption.

In other recent news, MasTec has been the subject of several analyst ratings and corporate developments. UBS reiterated its Buy rating for MasTec, setting a price target of $206.00, citing confidence in the company’s growth prospects and margin improvements across all business segments. Wolfe Research upgraded MasTec from Peerperform to Outperform, with a price target of $227.00, highlighting the anticipated growth in gas infrastructure spending and other sectors like data centers and utility capital expenditures. Mizuho initiated coverage on MasTec with an Outperform rating and a $215.00 price target, noting the company’s significant revenue from clean energy and power delivery, which is projected to grow substantially by 2025. Texas Capital Securities also initiated a Buy rating for MasTec, setting a price target of $250.00, and emphasized the company’s strong position in the utility infrastructure market.

Additionally, MasTec announced a temporary blackout period for its 401(k) Retirement Plan participants due to a transition in recordkeeping services. The blackout period will begin on September 22, 2025, and is expected to end in October 2025, during which time participants will face restrictions on various transactions. These developments reflect MasTec’s strategic positioning and ongoing adjustments to support its growth and operational efficiency.

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