Cantor Fitzgerald on Thursday raised its price objective for Quanta Services (PWR) to $630 from $520, while maintaining an Overweight rating on the engineering and construction specialist. The firm cited what it described as durable end-market demand, multi-year backlog visibility and disciplined risk management as the rationale for the higher target. At the time of the note the stock traded at $556.64, representing a roughly 97% gain over the past year and a 31% increase year-to-date.
In its analysis, Cantor Fitzgerald positioned Quanta at the center of a multi-year North American infrastructure cycle driven by several structural trends: utility modernization, rising large-load demand - with particular emphasis on data centers - and growing power generation needs. The firm highlighted that confidence in the company’s forward outlook is supported by a record backlog and multi-year visibility into customer spend programs.
Cantor Fitzgerald argued that the combination of sustained demand and a high degree of execution certainty continues to set Quanta apart within the broader engineering and construction sector. Market data indicate the company is trading near its 52-week high with a market capitalization reported at $83.2 billion, though those same valuation measures may imply the stock sits above a referenced fair-value assessment.
Quanta’s most recent quarter reinforced that narrative. The company reported fourth-quarter 2025 results that topped analyst expectations, with adjusted earnings per share of $3.16 versus a consensus estimate of $3.12 and revenue of $7.8 billion compared with an anticipated $7.37 billion. The earnings beat and management’s fiscal 2026 guidance prompted a wave of target increases across the brokerage community.
Truist Securities raised its price target to $643, pointing to the quarter’s earnings outperformance and guidance that exceeded Wall Street’s outlook. DA Davidson lifted its target to $575, citing the solid fourth-quarter showing and corresponding adjustments to its earnings model. BMO Capital moved its target to $600, explicitly noting that the company’s robust fiscal 2026 guidance was in part driven by acquisitions totaling more than $1.7 billion. Bernstein and SocGen Group revised their target to $515, underscoring Quanta’s guidance for roughly 20% earnings growth in 2026 and substantial growth prospects across multiple end markets.
Taken together, these analyst actions reflect a broadly constructive stance on Quanta’s near-term prospects, anchored by backlog levels and multi-year visibility into customer programs. The commentary from multiple firms also highlights the company’s exposure to sectors that are central to North America’s infrastructure expansion: utilities, large-load customers such as data centers, and power generation projects.
For investors and industry observers, the confluence of a strong backlog, reported quarterly outperformance and raised analyst targets offers evidence of momentum. At the same time, market valuations and the role of recent acquisitions are now receiving greater scrutiny as stakeholders weigh Quanta’s growth trajectory against current pricing.
Separately, an evaluation service referenced in market data tools monitors PWR alongside thousands of other companies using a suite of financial metrics. That service notes additional analytic tips for subscribers interested in deeper company-level detail.