Truist cut target for Quanta Services stock to USD 945

Published on 10/15/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quanta Services stock costs EUR 580.90 on October 15, 2026. Second-quarter revenue rose 41.10 percent to USD 9.56 billion.

Target cut and earnings setup

Truist lowered its target from USD 976 to USD 945 on October 5, 2026.
Second-quarter revenue reached USD 9.56 billion, up 41.10 percent year over year.
Quanta Services stock traded at EUR 580.90 at 10:00 a.m. CEST at Lang & Schwarz on October 15, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Schutzhelm und Kupferdraht auf Holztisch — Quanta Services Inc. (ISIN US74762E1029) Investment-Flatlay zeigt Aktienzertifikat, ISIN-Karte und Bauarbeiter-Utensilien arrangiert, Illustration mit AI erstellt.

Quanta Services (ISIN US74762E1029) traded at EUR 580.90 at Lang & Schwarz on October 15, 2026 at 10:00 a.m. CEST. The latest analyst move was a target cut by Truist, while the company prepares to publish third-quarter results on October 29, 2026.

Truist trims its target

Truist analyst Jamie Cook lowered the target for Quanta Services from USD 976 to USD 945 and kept a Buy rating in a research note dated October 5, 2026, according to Markets Insider. The note cited questions around power-infrastructure funding, project delays, higher interest rates and input costs as risks to the data-center investment case.

Three dates show the acceleration

The company entered 2026 with fiscal-year 2025 revenue of USD 28.48 billion, reported on February 19, 2026. On April 30, first-quarter revenue reached USD 7.87 billion, compared with USD 6.23 billion a year earlier. On July 30, second-quarter revenue rose to USD 9.56 billion from USD 6.77 billion, while adjusted diluted earnings per share increased to USD 4.24 from USD 2.48, according to Ticker Scout.

What will October 29 test?

The next earnings release is scheduled for October 29, 2026, according to Investing.com. The July update raised full-year 2026 revenue guidance to USD 39.3 billion to USD 39.7 billion and adjusted diluted earnings-per-share guidance to USD 16.45 to USD 16.95. Total backlog reached a record USD 53.4 billion in the second quarter, giving the upcoming report a demanding operational benchmark.

Price stays tied to the report

Quanta Services has positioned its growth around electric infrastructure, renewable energy, communications and pipeline work. The second-quarter figures show the scale of that expansion, while Truist's target reduction shows that execution risks remain part of the valuation debate.

Quanta Services was trading at EUR 580.90 at Lang & Schwarz on October 15, 2026 at 10:00 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.