MasTec jumps as price-target hikes follow Q1 beat, raised 2026 guidance and backlog surge
MTZ•MasTec shares rose after multiple Wall Street firms lifted price targets in the wake of a Q1 2026 earnings beat and higher full-year guidance. Bulls are emphasizing record backlog, stronger pipeline margins, and expectations for additional medium-term targets at the May 12 Investor Day.
1. What’s moving the stock
MasTec (MTZ) traded higher Monday as fresh analyst price-target increases extended the post-earnings momentum that followed the company’s late-April first-quarter results and upgraded 2026 outlook. TD Cowen raised its price target to $445 from $320 while reiterating a Buy rating, pointing to the stronger near-term setup after the Q1 beat and Q2 outlook and highlighting backlog-driven upside even as valuation “leaves little room for error.” (investing.com)
