Analyst sets 22% upside target for Quanta Services on strong growth and $53B backlog

Analyst Chad Dillard of Bernstein raised Quanta Services' price target to $775, implying a 22% upside from its current price. The company expects strong financial growth with EPS forecasted at $4.90, a 47% increase year-over-year, and revenue projected at $10.96 billion, up 44%. Quanta Services also reported a record backlog of $53 billion, leading to raised 2026 revenue guidance of $39.3-$39.7 billion and adjusted EPS guidance of $16.45-$16.95. This outlook is supported by recent acquisitions and strong demand in utility and energy infrastructure sectors.

Quanta Services shares trade at USD 634.65 on Pluang as of Sep 24, 2026 20:48 WIB, slightly down 0.04% for the day. The stock's market cap stands at $95.45 billion, reflecting its significant size in the Industrials sector. Despite the recent price target increase by analysts, Pluang order activity shows a majority of 62% selling interest at this time.