MasTec Inc's stock price fell by 5.00% as it crossed below the 20-day SMA, reflecting a challenging trading environment.
This decline occurs amid broader market weakness, with the Nasdaq-100 down 1.60% and the S&P 500 down 0.94%. Despite the overall negative sentiment, MasTec's backlog has surged to $16.8 billion, indicating strong demand in the construction sector driven by federal infrastructure spending. Analysts remain optimistic about the company's earnings growth potential, suggesting that the momentum in infrastructure investment is likely to continue.
The implications of this price movement highlight the contrast between MasTec's strong operational fundamentals and the prevailing market conditions, suggesting that the stock may recover as investor sentiment shifts.
Wall Street analysts forecast MTZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTZ is 252.20 USD with a low forecast of 225.00 USD and a high forecast of 270.00 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.
13 Analyst Rating
Wall Street analysts forecast MTZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTZ is 252.20 USD with a low forecast of 225.00 USD and a high forecast of 270.00 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.
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 244.750
Low
225.00
Averages
252.20
High
270.00
Current: 244.750
Low
225.00
Averages
252.20
High
270.00
Citi
Andrew Kaplowitz
Buy
maintain
$248 -> $284
2026-01-26
New
Reason
Citi
Andrew Kaplowitz
Price Target
$248 -> $284
AI Analysis
2026-01-26
New
maintain
Buy
Reason
Citi analyst Andrew Kaplowitz raised the firm's price target on MasTec to $284 from $248 and keeps a Buy rating on the shares. The firm adjusted targets in the engineering and construction space ahead of the Q4 reports. Most in the group should report solid Q4 results with initial 2026 outlooks inline with consensus expectations, the analyst tells investors in a research note. Citi continues to preview companies with exposure to growing data center spending.
Barclays
Overweight
maintain
$240 -> $260
2026-01-23
Reason
Barclays
Price Target
$240 -> $260
2026-01-23
maintain
Overweight
Reason
Barclays raised the firm's price target on MasTec to $260 from $240 and keeps an Overweight rating on the shares. The firm adjusted targets in the machinery and construction group as part of a Q4 preview. Companies benefiting from interest rate cuts "still reign supreme," the analyst tells investors in a research note. Barclays anticipates "conservative" initial outlooks for 2026.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for MTZ
Unlock Now
Cantor Fitzgerald
Overweight
initiated
$274
2026-01-23
Reason
Cantor Fitzgerald
Price Target
$274
2026-01-23
initiated
Overweight
Reason
Cantor Fitzgerald initiated coverage of MasTec with an Overweight rating and $274 price target. The Engineering & Construction sector is entering a multi-year investment cycle fueled by grid modernization, electrification, energy transition initiatives, and rising power demand from data centers and reshoring, while increasing utility capex is driving record backlogs, offering strong near-term revenue visibility and a durable long-term project pipeline, the analyst tells investors in a research note. MasTec is well-positioned to benefit from a multi-year investment cycle across power delivery, communications, clean energy, and pipeline infrastructure, the firm says.
KeyBanc
Sangita Jain
Overweight
maintain
$246 -> $264
2026-01-07
Reason
KeyBanc
Sangita Jain
Price Target
$246 -> $264
2026-01-07
maintain
Overweight
Reason
KeyBanc analyst Sangita Jain raised the firm's price target on MasTec to $264 from $246 and keeps an Overweight rating on the shares. While the company will also end the year with somewhat higher margins than the firm foresaw at this time last year, KeyBanc expects meaningful margin expansion in 2026 as Communications and Pipeline revenue growth take center stage.
About MTZ
MasTec, Inc. is an infrastructure construction company operating mainly throughout North America across a range of industries. The Company's segments include Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. Communications segment performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, wireless integration and optimization and install-to-the-home services, and others. Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources, such as wind, solar, and hydrogen; various types of heavy civil and industrial infrastructure services, and others. Power Delivery segment primarily serves the energy, utility and data center infrastructure industries.
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.
