MYR Group stock: Goldman Sachs cuts target for MYR Group stock to USD 331.00

Published on 10/23/2026 at 04:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 1.08 billion, up 20.10 percent year over year. Results are due October 28, 2026 for MYR Group stock.

Analyst target and reporting date

Goldman Sachs cut its MYR Group target from USD 422.00 to USD 331.00 on October 22, 2026.
Second-quarter 2026 revenue reached USD 1.08 billion, up 20.10 percent year over year.
Third-quarter results are scheduled for October 28, 2026, followed by a conference call on October 29, 2026.

MYRG, US55405W1045, Illustration mit AI erstellt.

MYR Group (ISIN US55405W1045) had its Goldman Sachs target cut from USD 422.00 to USD 331.00 on October 22, 2026, while the bank kept a Neutral rating, according to Markets Insider. The revised target puts valuation expectations below the earlier level as the company approaches its third-quarter report.

Target cut resets valuation

The USD 91.00 reduction equals 21.56 percent of the previous target. Goldman Sachs retained its Neutral view, making the target change the clearest recent analyst signal for the electrical infrastructure contractor.

MYR Group's operating picture still carries measurable growth. In the second quarter of 2026, revenue reached USD 1.08 billion, net income attributable to common shareholders was USD 49.85 million, diluted earnings per share were USD 3.17 and the operating margin was 6.00 percent, according to the company's investor-relations information.

What does the cut mean?

The answer depends on whether strong sales growth converts into durable profitability. Revenue rose 20.10 percent year over year in the second quarter of 2026, while the operating margin was 6.00 percent. That combination gives the upcoming report a clear test: sustain expansion without losing margin discipline.

Three dated valuation signals

On July 29, 2026, MYR Group reported second-quarter revenue of USD 1.08 billion through its investor-relations release. On October 6, 2026, Jefferies upgraded the stock from Hold to Buy while cutting its target from USD 377.00 to USD 370.00, as Investing.com reported. On October 22, 2026, Goldman Sachs lowered its target from USD 422.00 to USD 331.00, according to Markets Insider.

Results arrive October 28

MYR Group said on October 14, 2026, that it will release third-quarter 2026 results after the market close on October 28, 2026, followed by a conference call on October 29, 2026, according to GlobeNewswire. The dates give investors a near-term checkpoint for revenue, earnings and margin execution.

Market value before results

MYR Group had a USD 4.0 billion market capitalization and a USD 199.13 to USD 503.57 52-week range as of October 22, 2026. The wide range underscores why the latest target revisions and the next earnings release matter for valuation.

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