Quanta Services (PWR) Stock Forecast & Price Target

$288.65

+16.59 (+6.10%)

(As of 03:03 PM ET)

Quanta Services - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for Quanta Services in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 3 have given a hold rating, and 11 have given a buy rating for PWR.

Consensus Price Target

$286.69
-0.68% Downside

High Forecast	$319.00
Average Forecast	$286.69
Low Forecast	$250.00

According to the 14 analysts' twelve-month price targets for Quanta Services, the average price target is $286.69. The highest price target for PWR is $319.00, while the lowest price target for PWR is $250.00. The average price target represents a forecasted downside of -0.68% from the current price of $288.65.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$286.69	$287.09	$268.85	$205.27
Forecasted Upside	-0.68% Downside	11.36% Upside	7.92% Upside	10.02% Upside

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PWR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PWR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Quanta Services Stock vs. The Competition

Type	Quanta Services	Construction Companies	S&P 500
Consensus Rating Score	2.79	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	0.69% Upside	25.87% Upside	6.72% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/19/2024	Wolfe Research 3 of 5 stars	Initiated Coverage	Outperform	$313.00	+15.05%
9/4/2024	Jefferies Financial Group 2 of 5 stars	Initiated Coverage	Hold	$256.00	-0.62%
8/8/2024	TD Cowen 4 of 5 stars	Boost Target	Buy ➝ Buy	$270.00 ➝ $280.00	+12.68%
8/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$305.00 ➝ $319.00	+37.45%
8/2/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$264.00 ➝ $280.00	+15.61%
8/2/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$286.00 ➝ $303.00	+23.24%
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7/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$299.00 ➝ $302.00	+14.46%
7/19/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$287.00 ➝ $288.00	+8.84%
5/30/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$285.00 ➝ $310.00	+10.33%
5/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$259.00 ➝ $286.00	+0.52%
5/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$255.00 ➝ $288.00	+6.94%
5/7/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$225.00 ➝ $250.00	-7.77%
2/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$237.00 ➝ $252.00	+8.19%
1/10/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight ➝ Sector Weight
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$201.00 ➝ $238.00	+17.05%
7/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$195.00 ➝ $228.00	+17.77%
12/27/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$155.00 ➝ $165.00	+14.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:19 PM ET.

PWR Forecast - Frequently Asked Questions

What is Quanta Services' forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Quanta Services is $286.69, with a high forecast of $319.00 and a low forecast of $250.00.
Should I buy or sell Quanta Services stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PWR shares.
Does Quanta Services's stock price have much upside?: According to analysts, Quanta Services's stock has a predicted upside of 10.74% based on their 12-month stock forecasts.
What analysts cover Quanta Services?: Quanta Services has been rated by research analysts at B. Riley, Citigroup, Jefferies Financial Group, Northland Securities, Robert W. Baird, TD Cowen, Truist Financial, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Quanta Services more than its competitors?: Analysts like Quanta Services more than other "construction" companies. The consensus rating score for Quanta Services is 2.79 while the average consensus rating score for "construction" companies is 2.55. Learn more on how PWR compares to other companies.