Primoris Services Corp rises 5.34% amid market context
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: 4
Primoris Services Corp's stock increased by 5.34%, reaching a 5-day high, while the S&P 500 rose by 0.18% and the Nasdaq-100 fell by 0.06%.
This movement occurs amid broader market strength, as the S&P 500 shows positive gains, suggesting that investors are favoring certain sectors, including those related to infrastructure and services, which may benefit from ongoing economic recovery efforts.
The rise in Primoris Services Corp's stock price reflects investor confidence in the company's growth potential, particularly in light of recent infrastructure spending initiatives and the overall positive sentiment in the market.
Analyst Views on PRIM
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
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
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.
