Clear Street Raises MasTec (MTZ) Price Target, Keeps Buy Rating

MasTec, Inc. (NYSE:MTZ) is one of the 10 Mid-Cap Stocks That Are On Fire Right Now. On May 1, Clear Street increased its price target on MasTec, Inc. (NYSE:MTZ) from $390 to $440 and kept its Buy rating on the stock.

The research firm pointed to the company’s strong results for the March quarter. MasTec, Inc. (NYSE:MTZ) reported revenue growth of 34% and a 73% growth in adjusted EBITDA. The better-than-expected EBITDA results were driven by pipeline and broad sales growth across all four of the company’s business segments.

Clear Street Raises MasTec (MTZ) Price Target, Keeps Buy Rating

MasTec, Inc. (NYSE:MTZ) raised its guidance for 2026. The company reported backlog growth of 28% compared to last year and 7% compared to the previous quarter, with a book-to-bill ratio of 1.36x. Clear Street estimates that data centers make up about $1.5 billion of the backlog.

The company is benefitting from growth across all its segments and expects most of its end markets to reach record-high revenue levels in the coming years. Clear Street also noted that it had named MasTec, Inc. (NYSE:MTZ) a Top Pick during its Anniversary series last October and the stock has nearly doubled since then.

MasTec, Inc. (NYSE:MTZ) is a leading North American infrastructure engineering and construction company that specializes in engineering, building, installation, maintenance, and upgrade of communications, energy, and utility and other infrastructure.

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