10 Best Construction Stocks for Data Center Infrastructure

8. MasTec, Inc. (NYSE:MTZ)

On May 4, 2026, Stifel analyst Brian Brophy raised the firm’s price target on MasTec, Inc. (NYSE:MTZ) to $455 from $401 and maintained a Buy rating on the shares. The firm said Q1 results came in above expectations, driven primarily by healthy top-line performance across segments and stronger-than-expected Pipeline margins. Stifel added that it expects MasTec to introduce long-term financial targets and discuss additional upside opportunities during its upcoming analyst day.

Jefferies also raised its price target on MasTec, Inc. (NYSE:MTZ) to $493 from $416 while maintaining a Buy rating. The firm said the early Q1 beat and guidance increase reflect continued momentum across operating segments, while record March backlog levels improve visibility into the company’s long-term growth outlook. Jefferies added that investors are likely to focus on Pipeline trends and peak revenue potential, Power Delivery transmission operations, and continued strength in Clean Energy & Infrastructure and Communications.

On April 30, 2026, MasTec, Inc. (NYSE:MTZ) reported Q1 adjusted EPS of $1.39, ahead of the 99c consensus estimate, while revenue rose to $3.8B compared to expectations of $3.47B. CEO Jose Mas said the company delivered strong double-digit year-over-year growth in both revenue and profitability while exceeding guidance across all segments. Revenue increased 34% year over year, including a 91% increase in Pipeline Infrastructure and a 45% increase in Clean Energy and Infrastructure. Mas also noted that the company’s 18-month backlog reflected solid new bookings, increasing by $4.4B compared to the prior-year quarter and by $1.4B sequentially from year-end.

MasTec, Inc. (NYSE:MTZ) raised its FY26 adjusted EPS outlook to $8.79 from $8.40, compared to consensus estimates of $8.50. The company also increased its FY26 revenue outlook to $17.5B from $17B, versus consensus estimates of $17.04B.

MasTec, Inc. (NYSE:MTZ) provides engineering, construction, installation, maintenance, and upgrade services for communications, energy, utility, and infrastructure markets across the United States and Canada.