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Investing.com - William Blair has reiterated an Outperform rating on Sterling Construction (NASDAQ:STRL), highlighting the company’s dominant position in the southeast U.S. data center market, particularly in Atlanta. This rating aligns with the overall Strong Buy consensus among analysts covering the stock, with price targets ranging from $430 to $470, suggesting potential upside from current levels of $342.44.
The firm notes that Sterling Construction is expanding its reach as hyperscaler customers pull the company into new markets, citing Sterling’s track record of completing projects ahead of schedule as a key factor in this expansion. This growth trajectory is reflected in Sterling’s impressive 6.2% revenue growth over the last twelve months and a robust 13% five-year revenue CAGR.
Beyond data centers, Sterling’s project pipeline includes site development work for semiconductor, food processing, pharmaceutical, and liquid natural gas customers, providing the company with high visibility through 2028.
William Blair points to Sterling’s recently announced expansion into Texas and plans to enter additional markets as evidence of the company’s growth trajectory.
The firm believes Sterling’s CEC division has potential to triple the company’s content for certain data center projects and views the recent stock price dip as a buying opportunity.
In other recent news, Sterling Infrastructure, Inc. reported impressive financial results for the third quarter of 2025. The company posted earnings per share (EPS) of $3.48, surpassing analysts’ expectations of $2.84, which represents a 22.54% surprise. Additionally, Sterling’s revenue reached $689 million, exceeding the anticipated $618.8 million. In another development, Sterling’s Board of Directors authorized a new $400 million stock repurchase program. This program, effective immediately, replaces the previous buyback initiative that had $81 million of remaining capacity and was set to expire on December 5, 2025. The new repurchase plan will be in effect for the next 24 months. These recent developments highlight Sterling’s robust financial performance and strategic initiatives.
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