Granite Construction Inc's stock rose by 3.65% and reached a 52-week high amid mixed market conditions, with the Nasdaq-100 down 0.39% and the S&P 500 up 0.15%.
The surge is attributed to Granite's recent announcement of a $24 million contract to transform the Perris South Metrolink Station, which aims to enhance service reliability and accommodate increased commuter demand. This project not only solidifies Granite's position in the infrastructure construction market but also showcases its strengths in rail projects, expected to support future growth.
This contract highlights Granite's strategic importance in infrastructure development, suggesting a positive outlook for the company's operations and potential for further business opportunities in the rail sector.
Wall Street analysts forecast GVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GVA is 119.04 USD with a low forecast of 108.08 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast GVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GVA is 119.04 USD with a low forecast of 108.08 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 119.630
Low
108.08
Averages
119.04
High
130.00
Current: 119.630
Low
108.08
Averages
119.04
High
130.00
Goldman Sachs
Neutral
maintain
$109 -> $124
2026-01-28
New
Reason
Goldman Sachs
Price Target
$109 -> $124
AI Analysis
2026-01-28
New
maintain
Neutral
Reason
Goldman Sachs raised the firm's price target on Granite to $124 from $109 and keeps a Neutral rating on the shares. Ahead of Q4 earnings, the outlook for Engineering & Construction remains selective, with valuations near highs, mixed price/cost signals, and estimates generally in line to slightly below consensus, the analyst tells investors in a research note. Preference is given to companies with durable margin improvements and upside to expectations, while caution centers on peak-valuation names reliant on future bookings, amid ongoing debate around AI's impact, data center spending, and labor-driven margins, Goldman says.
Goldman Sachs
Neutral
initiated
$109
2025-11-24
Reason
Goldman Sachs
Price Target
$109
2025-11-24
initiated
Neutral
Reason
Goldman Sachs initiated coverage of Granite with a Neutral rating and $109 price target. The company has successfully transitioned its portfolio away from high-risk design-build projects, but consensus estimates are setting up a high bar, the analyst tells investors in a research note.
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DA Davidson
Brent Thielman
Buy
maintain
$125 -> $130
2025-11-11
Reason
DA Davidson
Brent Thielman
Price Target
$125 -> $130
2025-11-11
maintain
Buy
Reason
DA Davidson analyst Brent Thielman raised the firm's price target on Granite to $130 from $125 and keeps a Buy rating on the shares. The company's Q3 growth was somewhat slower than forecast on timing of ramp-up of new work, although margins and cash flow continue to improve significantly while CAP reached new highs and visibility into 2026 is healthy with incoming bookings, the analyst tells investors in a research note. The firm is confident in the management's playbook which is yielding substantially improved results in recent years, DA Davidson added.
DA Davidson
Buy
maintain
$108
2025-05-27
Reason
DA Davidson
Price Target
$108
2025-05-27
maintain
Buy
Reason
DA Davidson keeps a Buy rating and $108 price target on Granite after meeting with its management team. The company's advancing M&A is clearly an emphasis, though its organic opportunities are also intact, and the firm is positive on the stock's investment story gradually gaining investor traction as execution consistency, management strategy, improved materials asset leverage and infrastructure market opportunities all lend appeal at a valuation that is four turns below the infrastructure services group average, the analyst tells investors in a research note.
About GVA
Granite Construction Incorporated is a diversified construction and construction materials company in the United States as well as a full-suite civil construction provider. The Company's segments include Construction and Materials. The Construction segment is focused on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides construction of various complex projects including infrastructure/site development, mining, public safety, tunnel, solar, battery storage and other power-related projects. The Materials segment is focused on production of aggregates, asphalt concrete, liquid asphalt and recycled materials production for internal use in its construction projects and for sale to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
