MasTec poised for growth with rising AI-driven data center and power infrastructure spending.

MasTec is positioned for strong growth due to increasing capital expenditure in AI-driven data centers and power infrastructure. The company’s backlog is growing nearly 30%, driven by its Clean Energy and Power Delivery segments, which are expanding margins and leveraging operational scale. Analysts expect EBITDA and earnings to grow faster than revenue through 2029, supporting a high valuation and a price target of $466 by the end of 2027. Risks include dependence on data center spending, execution challenges, and rising competition, but strong earnings and free cash flow growth support a positive outlook.