Quanta Services stock gains on new Piper Sandler and BofA targets
Published on 09/09/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Quanta Services, Inc. stock (ISIN US74762E1029) closed at USD 639.05 on September 8, 2026 on the New York Stock Exchange, while fresh analyst coverage from Piper Sandler and BofA Securities set new price targets around USD 731, highlighting growing confidence in the company’s multi-year growth story.
Analysts lift price targets toward USD 731
According to CNBC on September 9, 2026, Piper Sandler initiated coverage of Quanta Services with an Overweight rating and a price target of USD 731, arguing that Quanta is structurally positioned to outgrow a capital expenditure cycle that the market still underestimates.
A separate note cited by Futunn on September 9, 2026 reports that BofA Securities analyst Dimple Gosai initiated coverage on Quanta Services with a Buy rating and a target price of USD 731, reinforcing the view that the company can benefit from secular infrastructure modernization trends.
In addition to these new initiations, the broader analyst community remains positive: based on data summarized by MarketBeat on September 9, 2026, Quanta Services carries a consensus rating of Moderate Buy with an average price target of about USD 767.72, implying high-teens upside from recent trading levels.
Raised 2026 guidance and strong Q2 momentum
The upbeat analyst stance is supported by stronger guidance and backlog metrics from Quanta’s latest reported quarter. As Zacks noted in a September 9, 2026 article, Quanta’s second-quarter 2026 results showed strong double-digit growth in revenue, adjusted EBITDA and adjusted EPS across segments, reflecting broad-based organic strength.
Following that second-quarter 2026 report, management raised its full-year 2026 outlook and now expects revenues of USD 39.3 billion to USD 39.7 billion, up from a prior range of USD 34.7 billion to USD 35.2 billion; this represents an increase of roughly 14 percent at the midpoint of the revenue guidance compared with the earlier outlook according to Zacks.
The company also lifted its 2026 adjusted EPS guidance to a range of USD 16.45 to USD 16.95 from a prior projection of USD 13.55 to USD 14.25, which represents an increase of about 21 percent at the midpoint and signals growing earnings power from its infrastructure projects, as highlighted by Zacks.
Looking ahead, the Zacks Consensus Estimates referenced by MSN/Zacks on September 8, 2026 foresee Quanta delivering earnings of USD 16.37 per share and revenue of USD 39.4 billion for 2026, implying year-over-year increases of around 52 percent in EPS and 38 percent in net sales compared with the prior year.
Valuation, backlog strength and risk considerations
Quanta’s share price has responded strongly to its growth outlook. A valuation review by GuruFocus dated September 9, 2026 notes that the stock has gained 51.5 percent year-to-date and 70.3 percent over the past year, underscoring strong investor demand for the infrastructure story.
At the same time, the same GuruFocus analysis calculates an earnings-based discounted cash flow intrinsic value of USD 419.06 versus the current price of about USD 639.05 and a free-cash-flow-based intrinsic value of USD 491.63, implying margins of safety of roughly minus 52.5 percent and minus 30.0 percent respectively, and concludes that Quanta Services appears significantly overvalued at its current share price.
GuruFocus also cites a GF Value metric of USD 481.61, which is about 32.7 percent below the recent market price of USD 639.05, and points out that, across three valuation approaches, all models suggest that the stock is priced well above estimated intrinsic value, reinforcing a valuation risk for investors even as operational momentum remains strong.
On the fundamental side, Zacks highlights that Quanta’s backlog of infrastructure projects stands at around USD 53 billion, providing multi-year revenue visibility as utility, energy and communications customers invest in grid modernization and connectivity projects, although the article also notes that macroeconomic and regulatory uncertainties could affect the pace of infrastructure spending and project execution.
Stock level near upper end of 52-week range
Per price data compiled by MarketBeat as of September 9, 2026, Quanta Services closed at USD 639.02 on the New York Stock Exchange on September 8, 2026, up 2.34 percent on the day, with a 52-week range between USD 370.27 and USD 788.75 and a market capitalization of about USD 96.07 billion at that price, placing the latest close in the upper half of the one-year trading corridor.
Quanta Services stock at a glance
- Company: Quanta Services, Inc.
- ISIN: US74762E1029
- Ticker: PWR
- Trading venue: NYSE
- Price (as of September 8, 2026, 03:59 PM): 639.02 USD
- Market capitalization: 96.07 billion USD (as of September 8, 2026)
- Sector / Industry: Industrials / Construction and Engineering
- Index membership: S&P 500
