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Primoris Services (NYSE:PRIM) Corporation stock has reached an all-time high, hitting a price of 116.04 USD, pushing its market capitalization to $6.25 billion. According to InvestingPro analysis, the stock’s technical indicators suggest it’s in overbought territory, with analysts setting price targets between $110 and $135. This milestone marks a significant achievement for the company, reflecting a substantial 1-year change of 108.3%. The impressive growth over the past year underscores the company’s strong performance and investor confidence, supported by a robust financial health score of "GREAT" on InvestingPro. As Primoris Services Corporation continues to expand its operations and secure new contracts, with revenue growing at 15% year-over-year, market analysts are closely watching to see if this upward trend will persist. Discover 15 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Primoris Services Corporation released its second-quarter 2025 financial results, reporting earnings per share of $1.68, which surpassed expectations by 55.56%. The company’s revenue reached $1.9 billion, exceeding forecasts by 11.83%. Following these strong results, Primoris raised its 2025 targets. Analysts have responded positively to these developments. Guggenheim increased its price target for Primoris Services to $130 while maintaining a Buy rating. Similarly, KeyBanc raised its price target to $119 and kept an Overweight rating. These upgrades reflect confidence in the company’s performance and future prospects.
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