Quanta Services stock maintains Buy rating at UBS on strong outlook

UBS maintains a Buy rating on Quanta Services (NYSE:PWR) shares with a price target of $900.00. Despite trading at $701, which represents a 62.6% increase year-to-date and an 80% rise over the past year, UBS analysts believe the stock is overvalued at its current price. The rating comes after UBS analyst Steven Fisher attended Quanta's annual management reception, where he met with several key members of the company's management team.

The atmosphere at the reception was described as energized, with upbeat discussions among attendees, reflecting the positive outlook that UBS sees as a result of Quanta's evolved strategy aligning with a structurally growing market. This optimism is mirrored across Wall Street, with 19 analysts revising their earnings estimates upward for the company.

Quanta Services recently reported Q2 2026 earnings that beat consensus estimates across key metrics, with fiscal 2026 adjusted earnings per share guidance increasing by 20%. Following the positive earnings report, Truist Securities raised its price target to $976 and maintained a Buy rating, while Mizuho increased its price target to $741.

Jefferies also raised its price target to $833 and maintained a Buy rating, projecting a compound annual growth rate of approximately 16% through 2030. KeyBanc upgraded Quanta Services to Overweight from Sector Weight, setting a price target of $807, acknowledging the company's strong execution in a risk-averse market.