Mizuho raised its price target on Quanta Services (NYSE: PWR) to $580 from $537, while maintaining a Neutral rating, ahead of the company’s March 31 analyst day.
The firm said the higher price target reflects improved medium-term revenue growth expectations, supported by continued expansion in core end markets and increasing opportunities tied to data center infrastructure.
Despite the stronger outlook, Mizuho maintained a Neutral stance, noting that the stock already reflects much of Quanta’s growth potential, scale advantages, and execution consistency.
The firm expects management to focus on several key themes during the upcoming event, including the duration of growth, monetization of its integrated solutions platform across grid, generation, and load center markets, and a continued emphasis on return on invested capital rather than margin expansion.
