Should I Buy MYRG? MYRG 2026 Analysis

Should You Buy MYR Group Inc (MYRG) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

254.660

1 Day change

1.24%

52 Week Range

263.480

Analysis Updated At

2026/01/26

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 has strong financial growth, positive analyst sentiment, and is positioned to benefit from long-term trends in grid modernization and electrification. Despite the recent price dip, the technical indicators and analyst price targets suggest significant upside potential.

Technical Analysis

The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200), indicating a positive trend. The MACD histogram is above 0, though positively contracting, suggesting momentum is still in favor of bulls. RSI is neutral at 54.393, and the stock is trading near its pivot level of 241.324, with key resistance at 257.933 and support at 224.715. Overall, the technical indicators lean bullish.

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

The low open interest put-call ratio indicates bullish sentiment, while the high option volume put-call ratio suggests short-term bearish sentiment. However, the overall options activity does not significantly contradict the long-term bullish thesis.

Technical Summary

Sell

Buy

Positive Catalysts

Analysts have initiated coverage with high price targets ($285 and $295), citing strong growth potential from grid modernization and electrification trends.
The company has a record backlog and is focusing on margin discipline and execution quality.
Financial performance in Q3 2025 showed strong YoY growth in revenue (+7.02%), net income (+201.38%), EPS (+215.38%), and gross margin (+35.94%).

Neutral/Negative Catalysts

The stock has recently dipped (-2.19% in regular market and -0.97% post-market), which may indicate short-term weakness.
No recent news or congress trading data to act as immediate positive triggers.
Options data shows short-term bearish sentiment with a high option volume put-call ratio (1.75).

Financial Performance

In Q3 2025, MYRG reported impressive financial growth: Revenue increased by 7.02% YoY to $950.4M, Net Income surged 201.38% YoY to $32.09M, EPS grew 215.38% YoY to $2.05, and Gross Margin improved by 35.94% YoY to 11.65%. These results indicate strong operational performance and profitability.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts are bullish on MYRG. Cantor Fitzgerald initiated coverage with an Overweight rating and a $285 price target, citing a multi-year investment cycle in grid modernization and electrification. Clear Street initiated coverage with a Buy rating and a $295 price target, highlighting the company's potential for EBITDA margin expansion and upside despite its recent all-time high. Goldman Sachs raised its price target to $248, maintaining a Neutral rating but acknowledging strong growth drivers in transmission and distribution spending.

4 Analyst Rating

Wall Street analysts forecast MYRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYRG is 266 USD with a low forecast of 237 USD and a high forecast of 295 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.

2 Buy

2 Hold

0 Sell

Moderate Buy

Current: 251.550

Low

237

Averages

266

High

295

Current: 251.550

Low

237

Averages

266

High

295

Stifel

Buy

maintain

$237 -> $262

AI Analysis

2026-01-26

New

Reason

Stifel

Price Target

$237 -> $262

AI Analysis

2026-01-26

New

maintain

Buy

Reason

Stifel raised the firm's price target on MYR Group to $262 from $237 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.

Cantor Fitzgerald

Overweight

initiated

$285

2026-01-23

Reason

Cantor Fitzgerald

Price Target

$285

2026-01-23

initiated

Overweight

Reason

Cantor Fitzgerald initiated coverage of MYR Group with an Overweight rating and $285 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. MYR continues to intentionally pace growth, emphasizing execution quality and margin discipline rather than top-line growth, Cantor says.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for MYRG

Unlock Now

MYRG Should I Buy

MYRG Should I Buy

Should You Buy MYR Group Inc (MYRG) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

People Also Watch