Primoris Services Corp's stock rose by 3.56%, reaching a 20-day high, as the broader market showed mixed signals with the Nasdaq-100 down 0.31% and the S&P 500 up 0.23%.
This increase comes amid sector rotation, as investors are shifting their focus towards companies like Primoris Services Corporation, which are perceived to have strong fundamentals despite the overall market's fluctuations. The recent adjustments in the S&P 500, including the addition of new companies, may also be influencing investor sentiment and asset allocation strategies.
The implications of this movement suggest that Primoris Services Corp is gaining traction among investors, potentially positioning itself favorably in the market landscape as it continues to attract attention amid changing market dynamics.
Wall Street analysts forecast PRIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIM is 152.07 USD with a low forecast of 125.66 USD and a high forecast of 175.00 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 Analyst Rating
Wall Street analysts forecast PRIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIM is 152.07 USD with a low forecast of 125.66 USD and a high forecast of 175.00 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.
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 149.130
Low
125.66
Averages
152.07
High
175.00
Current: 149.130
Low
125.66
Averages
152.07
High
175.00
Goldman Sachs
Adam Bubes
Sell
maintain
$117 -> $133
2026-01-28
New
Reason
Goldman Sachs
Adam Bubes
Price Target
$117 -> $133
AI Analysis
2026-01-28
New
maintain
Sell
Reason
Goldman Sachs analyst Adam Bubes raised the firm's price target on Primoris to $133 from $117 and keeps a Sell rating on the shares.
Cantor Fitzgerald
Neutral
initiated
$160
2026-01-23
Reason
Cantor Fitzgerald
Price Target
$160
2026-01-23
initiated
Neutral
Reason
Cantor Fitzgerald initiated coverage of Primoris with a Neutral rating and $160 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. Primoris offers solid execution and a substantial recurring utility MSA base, supporting steady earnings growth with additional valuation upside, Cantor says.
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KeyBanc
KeyBanc
Overweight
maintain
$159 -> $158
2026-01-07
Reason
KeyBanc
KeyBanc
Price Target
$159 -> $158
2026-01-07
maintain
Overweight
Reason
KeyBanc lowered the firm's price target on Primoris to $158 from $159 and keeps an Overweight rating on the shares. Despite two plus years of strong outperformance, the firm maintains Primoris as a favorite for 2026. The valuation is undemanding relative to peers and there are several growth drivers heading into 2026. While the shares took a breather post Q3 results based on commentary related to renewables, KeyBanc thinks the safe harbor deadlines and OBBBA led clarity on renewable tax credits will continue to drive growth in solar and storage.
JPMorgan
Overweight -> Neutral
downgrade
$145 -> $143
2025-12-08
Reason
JPMorgan
Price Target
$145 -> $143
2025-12-08
downgrade
Overweight -> Neutral
Reason
JPMorgan downgraded Primoris to Neutral from Overweight with a price target of $143, down from $145. The firm adjusted ratings in the clean energy space as part of its 2026 outlook. Within renewables, JPMorgan expects another year of outperformance for the utility-scale market, though it expects a trend towards larger, more complex projects as well as a more complex regulatory environment to lead to consolidation of upstream and downstream providers. The analyst maintains a preference for stocks with significant exposure to U.S.-based manufacturing, diversified end markets, and strong balance sheets.
About PRIM
Primoris Services Corporation is a provider of critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. The Company provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. The Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation.
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.
