#1 - NV5 Global (NASDAQ:NVEE)
As infrastructure stocks go, NV5 Global (NASDAQ:NVEE) is not a pure-play stock. Rather, infrastructure is just one of several “verticals” (i.e., business units) that the company is involved in. In terms of infrastructure, the company has broad-based expertise that helps clients “develop sustainable solutions beyond code compliance design.” In general, the benefit to its clients is the ability to reduce the cost of its projects.
With a stock that’s up nearly 35% year-to-date, there is some concern that the stock may be overvalued. However, if you take a “what have you done for me lately” approach to investing, you should be thrilled that NVEE stock is up over 18% since November 2. And the stock is up 138% since closing at its pandemic low of $29.14 on March 23. It has also successfully crossed the $60 mark, which was a point of resistance both in mid-summer and October. Is the third time the charm?
Maybe it’s the market’s way of saying they understand the stock's appeal and are signaling that it’s about to go significantly higher. If it does, it will confirm the recent buy ratings issued by two analyst firms, including Roth Capital, which just increased its price target to $82.
About NV5 Global
NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
Read More - Current Price
- $21.42
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $28.75 (34.2% Upside)
