MasTec shares are pushing higher as the market digests a continuation of bullish Wall Street positioning around the name in March 2026. The most notable recent catalyst is Jefferies raising its price target to $348 from $271 while keeping a Buy rating, framing MasTec’s backlog and forward growth outlook as strong enough to justify a higher valuation. (benzinga.com)

Jefferies’ higher target follows a broader cluster of upward target revisions across the Street earlier in March, including Truist lifting its target to $356 while maintaining a Buy rating. With multiple firms pointing to improving demand signals and visibility, investors are treating dips as opportunities and leaning into the idea that MasTec’s earnings trajectory in 2026 could remain resilient. (gurufocus.com)

The bull case centers on sustained project volume across power, communications, and clean energy work, which can translate into stronger revenue and EBITDA execution if backlog converts on schedule. Traders will now focus on whether upcoming results and any additional contract wins validate the higher targets—and whether the stock can hold gains after a sharp run that raises the bar for future beats. (trefis.com)