Truist cuts target for Quanta Services stock to USD 945.00
Published on 10/06/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Quanta Services (ISIN US74762E1029) faces a lower Truist Financial price target of USD 945.00, down from USD 976.00, after the analyst note dated October 5, 2026, as MarketBeat reports. Truist kept a Buy rating, while the target remains above the latest U.S. share price context.
Truist lowers the target
The USD 31.00 reduction places the new target 34.45 percent above the NYSE price of USD 702.88 at 10:00 a.m. EDT on October 6, 2026. That comparison uses separate currencies from the German quote, so the euro price is not used in the target calculation.
StockTitan summarizes Quanta Services' July 30, 2026 filing with second-quarter revenue of USD 9.56 billion, GAAP diluted earnings per share of USD 2.96 and adjusted diluted earnings per share of USD 4.24. Revenue was up 41.10 percent from USD 6.77 billion in the year-earlier quarter, giving the analyst revision a strong operating backdrop.
Guidance reaches USD 16.45
The same filing lifted fiscal 2026 revenue guidance to USD 39.30 billion-USD 39.70 billion and adjusted earnings per share guidance to USD 16.45-16.95. It also reported total backlog of USD 53.40 billion and remaining performance obligations of USD 33.60 billion for the second quarter.
For investors, the key tension is valuation against execution. The finance data showed a NYSE 52-week range of USD 404.51-788.75 and a market capitalization of USD 105.7 billion on October 6, 2026, while the analyst target cut signals that expectations can adjust even as project demand remains high.
Stock advances in afternoon trading
Quanta Services was trading at EUR 626.50 at Lang & Schwarz on October 6, 2026 at 3:44 p.m. CEST, up 2.07 percent versus the Lang & Schwarz prior close of EUR 613.80 on October 5, 2026. StockAnalysis identifies Quanta Services as a NYSE-listed Industrials company operating in Engineering and Construction.
The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.
Quanta Services stock at a glance
- Company: Quanta Services, Inc.
- ISIN: US74762E1029
- WKN: 912294
- Ticker: PWR
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026, 3:44 p.m. CEST: EUR 626.50
- Change versus prior close: plus 2.07 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 613.80
- Market capitalization: USD 105.7 billion as of October 6, 2026
- 52-week range: USD 404.51-788.75 as of October 6, 2026
- Sector / Industry: Industrials / Engineering and Construction
