Upside skew is attractive (new $25 PT vs $15.54 spot) and options positioning is aggressively bullish.
Expect some chop near resistance (~$15.67), but the near-term pullback risk isn’t strong enough to keep an impatient buyer out.
Technical Analysis
Price is strong today (+2.67%) and trading above the pivot (15.056) and above R1 (15.434), pressing toward R2 (15.668) — near-term momentum is bullish but close to resistance.
RSI(6)=65.71: not overbought, but approaching “hot” territory, consistent with a strong push that can pause.
MACD histogram -0.0475 and negatively contracting: bearish momentum is fading, often seen before a turn/continuation higher.
2026-02-05: Roth Capital (Joe Reagor) initiated coverage at Buy with a $25 PT.
Analyst view (pros): sees undervaluation vs diversified mining services peers and meaningful rerating potential as NOA diversifies away from legacy exposure.
Wall Street pros: clear upside delta to PT, rerating narrative, improving earnings profile.
Wall Street cons: execution risk in diversification and margin pressure (gross margin decline) could delay the rerating.
Influential/political trading: No recent congress trading data available; hedge funds and insiders are neutral with no significant recent trends.
Wall Street analysts forecast NOA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOA is 17.44 USD with a low forecast of 14.53 USD and a high forecast of 20.34 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.
4 Analyst Rating
Wall Street analysts forecast NOA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOA is 17.44 USD with a low forecast of 14.53 USD and a high forecast of 20.34 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: 15.330
Low
14.53
Averages
17.44
High
20.34
Current: 15.330
Low
14.53
Averages
17.44
High
20.34
Roth Capital
Joe Reagor
initiated
$25
AI Analysis
2026-02-05
New
Reason
Roth Capital
Joe Reagor
Price Target
$25
AI Analysis
2026-02-05
New
initiated
Reason
Roth Capital analyst Joe Reagor initiated coverage of North American Construction with a Buy rating and $25 price target. The firm views the stock as undervalued relative to other diversified mining services providers. North American Construction shares have "significant potential for a rerating" as the company further diversifies away from this legacy business, the analyst tells investors in a research note.
Raymond James
Outperform
to
NULL
downgrade
$30 -> $26
2025-08-18
Reason
Raymond James
Price Target
$30 -> $26
2025-08-18
downgrade
Outperform
to
NULL
Reason
Raymond James lowered the firm's price target on North American Construction to C$26 from C$30 and keeps an Outperform rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for NOA
