Clear Street Raises its Price Target on MYR Group (MYRG) to $350 from $310

MYR Group Inc. (NASDAQ:MYRG) is one of the 7 Best Data Center Engineering and Construction Stocks To Buy.

On April 16, 2026, Clear Street raised its price target on MYR Group Inc. (NASDAQ:MYRG) to $350 from $310 and maintained a Buy rating ahead of the company’s March quarter report scheduled for April 29. The firm said it increased its 2027 adjusted EBITDA estimate by 5% to reflect rising utilization of MYR’s fleet equipment.

Also on April 16, 2026, Stifel raised its price target on MYR Group Inc. (NASDAQ:MYRG) to $351 from $305 and maintained a Buy rating. The firm said its Q1 survey of electrical and mechanical contractors showed project activity improved sequentially and exceeded expectations, with data centers remaining a notable area of strength.

Last month, Cantor Fitzgerald analyst Manish Somaiya raised his price target on MYR Group Inc. (NASDAQ:MYRG) to $311 from $285 and maintained an Overweight rating. Following discussions with management, the firm said MYR remains focused on controlled, repeatable growth and improving project risk quality rather than aggressively pursuing peak-cycle expansion.

Clear Street Raises its Price Target on MYR Group (MYRG) to $350 from $310

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MYR Group Inc. (NASDAQ:MYRG) provides electrical construction services across the U.S. and Canada through its Transmission and Distribution and Commercial and Industrial segments.

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