10 Best Multibagger Stocks to Buy for Long Term

7. Quanta Services, Inc. (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) is one of the Best Multibagger Stocks to Buy for Long Term. On April 1, analyst Sherif El-Sabbahy from Bank of America Securities maintained a “Buy” rating on the company’s stock and kept the price objective at $610.00. The analyst’s rating is backed by several factors. The analyst highlighted Quanta Services, Inc. (NYSE:PWR)’s capability to compound value via a craft‑labor centric, full‑service model. This tends to tap into increased customer spending and also improves margins through deeper vertical integration.

Quanta Services, Inc. (NYSE:PWR)’s enhanced emphasis on manufacturing, procurement, and supply‑chain capabilities will be the next stage of competitive evolution. Also, the analyst believes that this can act as a durable moat and that supports the management’s updated outlook on long‑term earnings and cash flow.

Furthermore, the analyst highlighted that Quanta Services, Inc. (NYSE:PWR)’s 2030 financial targets, which include increased EBITDA and significant FCF generation, remain in accordance with the previous thesis that it can be a $100 billion‑plus industrial player.

Quanta Services, Inc. (NYSE:PWR) is engaged in offering infrastructure solutions to the electric and gas utility, power generation, communications, pipeline, and energy industries.