Street Calls of the Week
Primoris Services Corporation stock reached a significant milestone, hitting an all-time high of 129.35 USD. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions. This achievement underscores a remarkable period of growth for the company, as its stock has surged by 120.05% over the past year. The construction and infrastructure services provider, now valued at nearly $7 billion, has seen its market performance soar, with revenue growing 15% year-over-year. InvestingPro data shows the company maintains a "GREAT" financial health score, reflecting strong operational execution. This new peak reflects investor confidence and the company’s strong financial health, positioning Primoris Services favorably in the competitive market landscape. Analysts maintain a positive outlook, with price targets ranging from $112 to $136. For deeper insights and additional ProTips about Primoris Services, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Primoris Services Corporation’s second-quarter 2025 financial results have led to several analysts adjusting their price targets for the company. Following the strong quarterly performance, KeyBanc increased its price target from $98 to $119 and later to $129, maintaining an Overweight rating. Similarly, Guggenheim raised its price target to $130 from $110, reaffirming a Buy rating. These adjustments reflect confidence in Primoris’s financial performance and future prospects.
Additionally, GLJ Research initiated coverage of Primoris Services with a Buy rating and a price target of $160, emphasizing the company’s strong position in the utility capital expenditure cycle. Mizuho also started coverage with a Neutral rating and a price target of $112, recognizing Primoris’s operational discipline and achievement in increasing gross margins. These developments indicate a varied but generally positive outlook from analysts on Primoris Services.
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