KeyBanc Initiates Coverage of Sterling Infrastructure (STRL) with Overweight

Sterling Infrastructure, Inc. (NASDAQ:STRL) is one of the 7 Best Data Center Engineering and Construction Stocks To Buy.

On April 23, 2026, KeyBanc analyst Sangita Jain initiated coverage of Sterling Infrastructure, Inc. (NASDAQ:STRL) with an Overweight rating and a $572 price target. The firm said Sterling’s industry-leading margins reflect its transformation into a premier infrastructure services company with exposure to some of the fastest-growing end markets. KeyBanc added that the company offers early-cycle exposure to civil infrastructure projects and has a strong track record of delivering large, complex projects on time.

Similarly, Argus has initiated coverage of Sterling Infrastructure, Inc. (NASDAQ:STRL) with a Buy rating and a $510 price target on the shares.

Last month, Cantor Fitzgerald raised its price target on Sterling Infrastructure, Inc. (NASDAQ:STRL) to $482 from $413 and maintained an Overweight rating. Following a call with management, the firm said executives emphasized that investor focus on quarterly book-to-bill metrics and consolidated margins overlooks stronger long-term demand trends and increasing visibility from existing backlog and future project phases. Management also reiterated that most of its 2026 revenue should be largely locked in by the end of Q1.

Sterling Infrastructure, Inc. (NASDAQ:STRL) provides e-infrastructure, transportation, and building solutions across the United States.

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