Update shared on 17 Nov 2025
Fair value Increased 3.64%MasTec’s analyst consensus price target increased from $238 to $246.67 per share, as analysts cite stronger order pipelines, margin improvement prospects, and growing opportunities across energy and utility segments in support of the raised valuations.
Analyst Commentary
Recent analyst activity reflects a notable increase in optimism around MasTec, as reflected in multiple upward price target revisions and positive outlooks for the company's growth prospects, operational execution, and end market momentum.
Bullish Takeaways- Bullish analysts point to strong anticipated pipeline orders across MasTec's segments. This bolsters long-term growth visibility and supports higher valuations.
- The potential for margin expansion, particularly in the clean energy segment, is viewed as a key driver of improved profitability and renewed investor confidence.
- Increased utility and infrastructure spending is seen as creating robust opportunities. The company continues to grow its backlog and benefit from macroeconomic tailwinds such as data center and transmission expansion.
- MasTec’s execution on large projects and success in winning new contracts, especially in electric transmission and gas pipelines, are contributing to the positive sentiment regarding both revenue and free cash flow outlooks.
- Some analysts remain cautious about the potential for mixed performance among certain end markets, particularly in residential and machinery segments where expectations are lower or more variable.
- Execution risk is present as the company scales operations to capture larger projects and navigates sector-wide increases in bidding activity.
- While inventory improvements are noted across related sectors, the pace of converting backlog into revenue will be closely watched to ensure expectations are met.
- Despite the upgrades, some bearish observers note that valuation expansion relies on sustained order growth and margin performance. These factors remain subject to broader industry and economic conditions.
What's in the News
- MasTec, Inc. updated its 2025 full-year earnings guidance, projecting revenue of $14,075 million, GAAP net income of $399 million, and GAAP diluted earnings per share of $4.80 (Key Developments).
- The company confirmed no shares were repurchased in Q3 2025 as part of its ongoing buyback authorization, which remains unused so far (Key Developments).
- MasTec leadership reiterated an openness to strategic mergers and acquisitions, emphasizing a selective approach focused on incremental earnings, management strength, and customer-driven service expansion (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has increased from $238 to $246.67 per share. This reflects a modest upward revision in analysts' expectations.
- Discount Rate has risen slightly, from 8.60 percent to 8.89 percent. This indicates a marginally higher required rate of return on future cash flows.
- Revenue Growth projection has improved from 9.39 percent to 10.14 percent. This signals stronger anticipated top-line expansion.
- Net Profit Margin is up moderately, from 4.16 percent to 4.39 percent. This suggests an expectation for improved profitability.
- Future P/E ratio has declined from 32.95x to 29.96x. This implies a lower valuation relative to projected earnings.
Disclaimer
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