Quanta Services reported a nearly 97% increase in net income to $451.4 million and a 41.1% rise in revenue to $9.56 billion in Q2 2026, fueled by strong demand in its infrastructure sectors. The company benefits from a record backlog of $53.4 billion, largely supported by AI infrastructure projects and utility and technology clients. Piper Sandler gave Quanta an "Overweight" rating, expecting the stock to outperform due to these robust financials and growth prospects. Additionally, recent acquisitions are projected to add $1.2 to $1.4 billion in revenue this year, supporting continued expansion.
Piper Sandler initiated coverage on Quanta Services with an Overweight rating and set a price target of $731, suggesting a 14.39% upside from the current price. The company is expected to see strong growth driven by high demand for electricity linked...
Robinhood Markets has received several bullish price target upgrades from analysts including StoneX, Goldman Sachs, Jefferies, and Cantor Fitzgerald, driven by the company's expansion beyond commission-free trading into prediction markets and IPO und...
