5 Best Civil Engineering Stocks to Buy for Smart City Projects

3. MasTec, Inc. (NYSE:MTZ)

Upside Potential: 34.20%

MasTec, Inc. (NYSE:MTZ) continued to gain support from the analyst community on May 20 when CICC initiated coverage of the company with an Outperform rating and a $480 price target. The initiation reflects confidence in MasTec’s ability to capitalize on long-term infrastructure investment trends across energy, communications, and utility markets.

Earlier, on May 13, JPMorgan raised its price target on MasTec, Inc. (NYSE:MTZ) to $491 from $471 while maintaining an Overweight rating. The revised target underscores the firm’s optimism regarding the company’s growth prospects and operational execution. JPMorgan’s continued bullish stance reflects expectations that MasTec will remain a key participant in several of the fastest-growing infrastructure markets, including renewable energy, power delivery, and communications networks, all of which are expected to attract substantial capital investment in the years ahead.

MasTec, Inc. (NYSE:MTZ) is a North American infrastructure construction and engineering company headquartered in Coral Gables, Florida, with roots dating back to 1929. The company specializes in designing, building, installing, and maintaining complex infrastructure systems across communications, renewable energy, power generation and transmission, pipeline, and industrial sectors.