Argus cuts target to USD 107.00 for Granite Construction stock

Published on 10/20/2026 at 18:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 29.30 percent in the quarter. Granite Construction stock trades at EUR 96.50 on October 20, 2026, down 2.53 percent versus Xetra close.

Argus target and reporting date

Argus lowered its Granite Construction target to USD 107.00 on October 14, 2026.
Second-quarter revenue increased 29.30 percent to USD 1.46 billion.
Granite Construction stock costs EUR 96.50 at Lang & Schwarz on October 20, 2026 at 6:39 p.m. CEST, 2.53 percent below the Xetra close of October 19, 2026.
Granite Construction is scheduled to report third-quarter results on October 29, 2026.

GVA, US3873281071, Illustration mit AI erstellt.

Granite Construction (ISIN US3873281071) is trading at EUR 96.50 at Lang & Schwarz on October 20, 2026 at 6:39 p.m. CEST, down 2.53 percent versus the Xetra close of October 19, 2026 at EUR 99.00. Yahoo Finance reported that Argus lowered its target for Granite Construction to USD 107.00 on October 14, 2026.

Revenue growth meets a mixed quarter

Granite Construction reported second-quarter revenue of USD 1.46 billion, an increase of 29.30 percent from the prior-year quarter. The figure exceeded analyst expectations by 4.40 percent, while the quarter also included a significant miss on adjusted EBITDA expectations, according to Yahoo Finance.

What does the target imply?

The USD 107.00 target sits 1.50 percent below the NYSE quote of USD 108.61 at 12:44 p.m. ET on October 20, 2026. Argus' October 14 target therefore points to a modestly lower level than the home-market quote, while the euro quotation is a separate German-market indication.

Range and market position

Granite Construction's 52-week range is USD 97.26 to USD 162.08, placing the NYSE quote USD 11.35 above the low and USD 53.47 below the high on October 20, 2026. Its market capitalization was USD 4.8 billion, and trading volume stood at 179,983 shares at the same timestamp.

Results date and peer comparison

Granite Construction is scheduled to release third-quarter 2026 results on October 29, 2026, with the investor conference call planned for 9:30 a.m. ET. That date gives the upcoming report a clear near-term event risk.

Comparison with peers

Granite Construction: down 2.53 percent versus the Xetra close, market capitalization USD 4.8 billion. Jacobs Solutions (NYSE, USD): up 0.22 percent, P/E 48.65, market capitalization USD 16.2 billion. Quanta Services (NYSE, USD): down 3.07 percent, P/E 68.63, market capitalization USD 90.1 billion.

Stock remains below its yearly high

Granite Construction's euro quotation remained below the October 19 Xetra close after hours, while the NYSE quote was above the Argus target in the U.S. session. The next dated catalyst is the third-quarter report on October 29, 2026. The further course of trading is shown by the continuously updated real-time quote of Granite Construction stock.