Construction Partners jumps as B. Riley upgrades to Buy, targets $135
Construction Partners (ROAD) is jumping after a fresh Wall Street upgrade that lifted the price target to $135 from $117. The move extends recent optimism tied to stronger FY2026 guidance and the company’s acquisition activity in Tennessee.
1. What’s moving the stock today
Construction Partners shares are higher today after B. Riley upgraded the stock to Buy from Neutral and raised its price target to $135 from $117, framing the recent pullback as an attractive valuation entry point.
2. Why the market is buying the upgrade
The upgrade leans on expectations for continued earnings power in fiscal 2026, with the analyst pointing to EBITDA estimates and improved visibility around potential U.S. surface-transportation funding as supportive for multi-year demand. Investors are treating the call as a confidence signal after the stock’s recent volatility.
3. Recent company-specific tailwinds in the background
Beyond the rating action, the company recently raised its fiscal 2026 outlook after a strong first-quarter report and has been expanding its footprint through acquisitions, including a Tennessee deal that broadened its Nashville-area presence. Those developments have reinforced the narrative that ROAD can compound growth through both organic public-infrastructure work and targeted M&A.