MasTec Upgraded to Buy by Guggenheim Amid Strong Growth Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Source: seekingalpha
- Rating Upgrade: Guggenheim upgraded MasTec (MTZ) from Neutral to Buy, citing strong visibility into long-term growth and a favorable position across several major infrastructure trends, reflecting investor enthusiasm for companies linked to energy, data, and communications buildouts.
- Financial Targets: MasTec aims for approximately $22 billion in revenue and $2.2 billion in EBITDA by 2028, implying a compound annual growth rate of about 25% along with margin expansion, showcasing the company's robust growth potential in the coming years.
- Segment Growth Momentum: All four of MasTec's business segments are expected to grow, particularly in pipeline infrastructure and clean energy, benefiting from liquefied natural gas exports and data center demand, highlighting the company's central role in the infrastructure investment cycle.
- Risks and Opportunities: While Guggenheim set a price target of $480, indicating further upside, the report also highlights risks such as project timing variability, labor availability constraints, and potential cost overruns on fixed-price contracts, suggesting a cautious approach to the market's confidence in MasTec's long-term opportunities.
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Analyst Views on MTZ
Wall Street analysts forecast MTZ stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 383.330
Low
225.00
Averages
252.20
High
270.00
Current: 383.330
Low
225.00
Averages
252.20
High
270.00
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.
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- Financial Targets: MasTec aims for approximately $22 billion in revenue and $2.2 billion in EBITDA by 2028, implying a compound annual growth rate of about 25% along with margin expansion, showcasing the company's robust growth potential in the coming years.
- Segment Growth Momentum: All four of MasTec's business segments are expected to grow, particularly in pipeline infrastructure and clean energy, benefiting from liquefied natural gas exports and data center demand, highlighting the company's central role in the infrastructure investment cycle.
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- Rating Upgrade: Guggenheim upgraded MasTec (MTZ) from Neutral to Buy, citing strong visibility into long-term growth and a favorable position across several major infrastructure trends, reflecting investor enthusiasm for companies linked to energy, data, and communications buildouts.
- Financial Targets: MasTec aims for approximately $22 billion in revenue and $2.2 billion in EBITDA by 2028, implying a compound annual growth rate of about 25% along with margin expansion, showcasing the company's robust growth potential in the coming years.
- Segment Growth Momentum: All four of MasTec's business segments are expected to grow, particularly in pipeline infrastructure and clean energy, benefiting from liquefied natural gas exports and data center demand, highlighting the company's central role in the infrastructure investment cycle.
- Risks and Opportunities: While Guggenheim set a price target of $480, indicating further upside, the report also highlights risks such as project timing variability, labor availability constraints, and potential cost overruns on fixed-price contracts, suggesting a cautious approach to the market's confidence in MasTec's long-term opportunities.
See More
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- Enhanced Profitability: The company achieved a record GAAP net income of $69.7 million in Q1, with adjusted EBITDA reaching $283.6 million and diluted EPS rising significantly to $0.77, indicating successful operational efficiency and cost control measures.
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See More
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- Major Stock Reductions: He reduced his position in MasTec Inc (MTZ) by 62,928 shares, leading to a 59.5% decrease in shares and a -3.68% portfolio impact, demonstrating a cautious stance despite the stock's impressive 67.22% return over the past three months.
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