MasTec stock gets a lower Clear Street price target

Published on 10/04/2026 at 19:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MasTec stock closed at USD 215.75 on October 2 after Clear Street cut its target to USD 470. Q2 revenue reached USD 4.374 billion, while backlog hit USD 21.391 billion.

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MasTec stock (ISIN US5763231090) closed at USD 215.75 on the NYSE on October 2, 2026, while the latest analyst action put communications execution at the center of the valuation debate. Clear Street analyst Tim Moore cut the price target to USD 470 from USD 545 on September 29, 2026, and kept a Buy rating, according to Markets Insider.

Target cut meets strong backlog

Clear Street cited a slowdown in MasTec's communications segment and lower peer valuations. The USD 470 target stands 117.8 percent above the October 2 closing price, using the same USD quotation currency.

The risk is concentrated in near-term communications work. The analyst said equipment timing linked to changes following the Cox Communications and Liberty Broadband acquisitions could delay installations until Q2 2027, according to Markets Insider.

Q2 figures support the long view

MasTec's second-quarter 2026 revenue rose 23.4 percent year over year to USD 4.374 billion, while adjusted diluted EPS increased 48.8 percent to USD 2.22. The figures came with adjusted EBITDA of USD 384.2 million and an 8.8 percent margin, according to CEO.CA.

The 18-month backlog reached USD 21.391 billion at June 30, 2026, up 30.0 percent from USD 16.452 billion a year earlier. That backlog gives the construction and infrastructure company revenue visibility, but conversion depends on project timing across communications, power delivery, pipeline infrastructure and clean energy.

Management also raised full-year 2026 guidance to USD 18.2 billion of revenue and USD 9.30 of adjusted diluted EPS. The Q3 2026 guidance calls for USD 4.930 billion of revenue and USD 2.98 of adjusted diluted EPS, according to CEO.CA.

Consensus remains well above the close

MarketBeat lists a Moderate Buy consensus based on 19 Buy ratings and three Holds, with an average target of USD 421.60 from 22 analysts. That average is 95.4 percent above the October 2 close of USD 215.75, while the published target range runs from USD 313.00 to USD 581.00, according to MarketBeat.

MasTec stock remains below its yearly high

MasTec closed at USD 215.75 on October 2, 2026, with a 0.98 percent daily gain. Its 52-week range was USD 182.34 to USD 441.43, market capitalization was USD 17.3 billion, and volume was 1,090,596 shares.