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Stifel Raises its Price Target on MasTec (MTZ) to $455

MasTec, Inc. (NYSE:MTZ) is one of the 10 Best Construction Stocks for Data Center Infrastructure.

On May 4, 2026, Stifel analyst Brian Brophy raised the firm’s price target on MasTec, Inc. (NYSE:MTZ) to $455 from $401 and maintained a Buy rating on the shares. The firm said Q1 results came in above expectations, driven primarily by healthy top-line performance across segments and stronger-than-expected Pipeline margins. Stifel added that it expects MasTec to introduce long-term financial targets and discuss additional upside opportunities during its upcoming analyst day.

Jefferies also raised its price target on MasTec, Inc. (NYSE:MTZ) to $493 from $416 while maintaining a Buy rating. The firm said the early Q1 beat and guidance increase reflect continued momentum across operating segments, while record March backlog levels improve visibility into the company’s long-term growth outlook. Jefferies added that investors are likely to focus on Pipeline trends and peak revenue potential, Power Delivery transmission operations, and continued strength in Clean Energy & Infrastructure and Communications.

On April 30, 2026, MasTec, Inc. (NYSE:MTZ) reported Q1 adjusted EPS of $1.39, ahead of the 99c consensus estimate, while revenue rose to $3.8B compared to expectations of $3.47B. CEO Jose Mas said the company delivered strong double-digit year-over-year growth in both revenue and profitability while exceeding guidance across all segments. Revenue increased 34% year over year, including a 91% increase in Pipeline Infrastructure and a 45% increase in Clean Energy and Infrastructure. Mas also noted that the company’s 18-month backlog reflected solid new bookings, increasing by $4.4B compared to the prior-year quarter and by $1.4B sequentially from year-end.

MasTec, Inc. (NYSE:MTZ) raised its FY26 adjusted EPS outlook to $8.79 from $8.40, compared to consensus estimates of $8.50. The company also increased its FY26 revenue outlook to $17.5B from $17B, versus consensus estimates of $17.04B.

MasTec, Inc. (NYSE:MTZ) provides engineering, construction, installation, maintenance, and upgrade services for communications, energy, utility, and infrastructure markets across the United States and Canada.

While we acknowledge the risk and potential of MTZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MTZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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