Cantor Fitzgerald reiterates USD 862 target for Quanta Services stock

Published on 10/06/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 9.56 billion in the second quarter, up 41.10 percent. Quanta Services stock was EUR 611.80 on October 5, 2026 versus EUR 601.20.

Bauhaus-Poster mit geometrischen Formen, Strommasten und dem Wort ENERGY — Quanta Services Inc. (ISIN US74762E1029) inspiriert geometrisches Bauhaus-Poster mit Strommasten und Sektor-Schriftzug ENERGY, Illustration mit AI erstellt.

Quanta Services (ISIN US74762E1029) was last at EUR 611.80 at Tradegate on October 5, 2026 at 9:58 p.m. CEST, plus 1.76 percent versus the EUR 601.20 prior close. On October 5, Investing.com reported that Cantor Fitzgerald reiterated an Overweight rating and a USD 862.00 price target after a company-hosted event.

Analyst target stays above the quote

The Cantor Fitzgerald target is a fresh market reference for Quanta Services, but it is stated in US dollars and therefore does not replace the euro quote used for German investors. The report also described data center margins as moving toward 10-12 percent and said mergers and acquisitions remain a priority use of cash, according to Investing.com.

That assessment arrives alongside a more cautious target revision. MarketBeat reported on October 5 that Truist Financial cut its target from USD 976.00 to USD 945.00 while keeping a Buy rating.

Second-quarter revenue sets the base

Quanta Services reported USD 9.56 billion of revenue for the second quarter ended June 30, 2026, compared with USD 6.77 billion in the year-earlier quarter. Markets Insider also reported net profit of USD 451.38 million versus USD 229.25 million in the comparable period.

The company posted GAAP diluted earnings per share of USD 2.96 and adjusted diluted earnings per share of USD 4.24 for that quarter. Its backlog reached USD 53.40 billion, while remaining performance obligations stood at USD 33.60 billion, according to StockTitan.

Guidance points to wider scale

For full-year 2026, management guided to revenue of USD 39.30 billion to USD 39.70 billion and adjusted diluted earnings per share of USD 16.45 to USD 16.95. The same filing summary sets adjusted EBITDA guidance at USD 4.09 billion to USD 4.21 billion and free cash flow guidance at USD 2.00 billion to USD 2.50 billion, giving investors a quantified benchmark against the second-quarter performance.

Quanta Services operates in engineering and construction, with infrastructure work spanning electric power, energy and communications. onvista identifies the company as Quanta Services, lists the NYSE ticker PWR and confirms the US74762E1029 ISIN.

Stock remains below its yearly high

Quanta Services had a market capitalization of USD 106.60 billion as of October 6, 2026, while its 52-week range was USD 404.51 to USD 788.75. The latest finance quote places the stock below that high, leaving the analyst targets and the raised 2026 guidance as the main numerical tests for the valuation.

Tradegate last showed Quanta Services at EUR 611.80 on October 5, 2026 at 9:58 p.m. CEST, plus 1.76 percent versus its EUR 601.20 prior close. The Tradegate quote is a substitute euro price because the Lang and Schwarz quote page supplied no usable data.