Quanta Services stock rises 4.76 percent as Truist trims target

Published on 10/06/2026 at 18:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quanta Services stock traded at USD 715.92 on October 6, 2026, up 4.76 percent. Second-quarter revenue rose 41.1 percent to USD 9.56 billion.

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Quanta Services stock (ISIN US74762E1029) was trading at USD 715.92 on the NYSE at 12:23 p.m. ET on October 6, 2026, up 4.76 percent from the previous close. The move came as MarketBeat reported on October 5 that Truist Financial cut its price target from USD 976 to USD 945 while maintaining a Buy rating.

Truist trims target as shares rise

The lower target represents a 3.2 percent reduction, but it remains above the latest market price. Truist's USD 945 target was based on a USD 689.25 reference price in the October 5 report, implying 37.11 percent upside at that point.

The broader analyst picture remains positive but less uniform. According to MarketBeat, 33 firms give Quanta a Moderate Buy consensus, with an average target of USD 765.32; three analysts rate the stock Sell, seven Hold and 22 Buy.

Revenue reached USD 9.56 billion

Quanta's second-quarter 2026 revenue reached USD 9.56 billion, while GAAP diluted EPS was USD 2.96 and adjusted diluted EPS was USD 4.24. The figures were reported by Stock Titan from the July 30 filing, which also showed adjusted EBITDA of USD 1.1 billion and operating cash flow of USD 1.1 billion.

Revenue increased 41.1 percent year over year, and adjusted EPS exceeded the USD 3.31 consensus by USD 0.93, according to MarketBeat. Management set fiscal 2026 adjusted EPS guidance at USD 16.45 to USD 16.95.

Valuation stays demanding

Quanta's total backlog reached USD 53.4 billion in the second quarter, giving the infrastructure contractor a substantial order base for utility and data-center work. The same filing summary put remaining performance obligations at USD 33.6 billion.

That growth profile carries a valuation test. Simply Wall St listed Quanta at a 77.4 times price-to-earnings ratio against a 34.5 times peer average. For investors, converting backlog into margins is therefore as important as sustaining demand.

Quanta Services stock stays below its yearly high

At USD 715.92 on October 6, 2026, Quanta Services stock was 9.2 percent below its 52-week high of USD 788.75 and above its 52-week low of USD 404.51. Market capitalization stood at USD 107.6 billion, with 405,072 shares traded and an intraday range of USD 685.95 to USD 719.59.