Jefferies Lifts MasTec, Inc. (MTZ) Target After Company Outpaces Peer Growth

We recently compiled a list of the 10 Large-Cap Stocks with Insider Buying in 2026. MasTec, Inc. is among the stocks with insider buying. 

On March 13, 2026, Jefferies increased its price target for MTZ to $348 from $271 while maintaining a Buy rating. The firm highlighted that MasTec is performing strongly across all four business segments, achieving growth rates that outpace peer averages. This robust execution has prompted Jefferies to revise its estimates for the company upward, reflecting optimism about MasTec’s continued expansion and market performance relative to competitors.

MasTec, Inc. (NYSE:MTZ)’s strong performance is highlighted by its Fourth Quarter and Full Year 2025 financial results, announced on February 26, 2026, alongside initial guidance for 2026. The company achieved record fourth-quarter revenue of $3.9 billion, a 16% increase year-over-year, supported by growth across all segments. Its 18-month backlog expanded 13% sequentially to $19 billion. Diluted EPS reached $1.81, while adjusted EPS rose to $2.07.

For the full year, the corporation said that its revenue hit $14.3 billion, up 16%, with GAAP net income of $422 million and adjusted EBITDA of $1.2 billion. These results reflect robust execution in energy, communications, power, and infrastructure markets and set the stage for continued growth in 2026, backed by a strong balance sheet and disciplined capital allocation strategy.

MasTec, Inc. (NYSE:MTZ) is a U.S. infrastructure construction company providing engineering, building, and maintenance services for energy, communications, and utility sectors across North America.

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