MYRG Should I Buy
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MYR Group Inc (MYRG) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company demonstrates strong financial performance, positive analyst sentiment, and a favorable technical setup. Despite no immediate trading signals from Intellectia Proprietary Trading Signals, the stock's fundamentals and growth potential make it a solid long-term investment.
The technical indicators for MYRG are bullish. The MACD is positive, and moving averages show a bullish alignment (SMA_5 > SMA_20 > SMA_200). The RSI is neutral at 61.669, and the stock is trading above the pivot level of 262.047, with resistance levels at 278.557 and 288.757. This indicates a positive price trend.
Analysts have raised price targets and provided positive ratings, citing strong growth potential driven by grid modernization, electrification, and energy transition initiatives.
The company's Q3 2025 financial performance showed significant YoY growth in revenue (+7.02%), net income (+201.38%), EPS (+215.38%), and gross margin (+35.94%).
The Engineering & Construction sector is entering a multi-year investment cycle, providing durable long-term project pipelines.
The stock is near its all-time high, which may limit short-term upside potential.
No significant hedge fund or insider trading trends have been observed recently.
In Q3 2025, MYRG reported revenue growth of 7.02% YoY to $950.4M, net income growth of 201.38% YoY to $32.09M, EPS growth of 215.38% YoY to $2.05, and gross margin improvement of 35.94% YoY to 11.65%. These figures indicate strong operational performance and profitability.
Analysts are bullish on MYRG. Stifel raised its price target to $262, Cantor Fitzgerald initiated coverage with an Overweight rating and a $285 price target, and Clear Street set a $295 price target. Analysts highlight the company's focus on execution quality, margin discipline, and its position as a leader in electrical Transmission & Distribution construction.
