Should I Buy PRIM? PRIM 2026 Analysis

Should You Buy Primoris Services Corp (PRIM) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

152.470

1 Day change

2.24%

52 Week Range

155.190

Analysis Updated At

2026/01/26

Primoris Services Corp (PRIM) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, bullish technical indicators, and favorable industry trends outweigh the neutral sentiment from analysts and options data. The stock is well-positioned for growth in the utility and renewable energy sectors, making it a solid long-term investment.

Technical Analysis

The technical indicators for PRIM are bullish. The MACD is positive and contracting, indicating upward momentum. The RSI is neutral at 65.502, and the moving averages are aligned in a bullish pattern (SMA_5 > SMA_20 > SMA_200). The stock is trading near its pivot point of 141.262, with resistance levels at 152.726 and 159.808, suggesting potential for further upward movement.

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

The options data shows a higher volume of puts compared to calls, indicating cautious sentiment among traders. However, the low Open Interest Put-Call Ratio suggests limited bearish positioning.

Technical Summary

Sell

Buy

Positive Catalysts

Strong financial performance in Q3 2025, with revenue up 32.10% YoY and net income up 61.92% YoY.
Favorable industry trends, including increased utility capex, grid modernization, and renewable energy investments.
Analysts highlight a multi-year investment cycle in the Engineering & Construction sector, providing long-term growth opportunities.

Neutral/Negative Catalysts

Neutral sentiment from hedge funds and insiders, with no significant trading trends.
Mixed analyst ratings, including a recent downgrade from JPMorgan and a Sell rating from Goldman Sachs.
Decreasing gross margin (-10.13% YoY), which may indicate cost pressures.

Financial Performance

Primoris reported strong Q3 2025 financials, with revenue increasing to $2.18 billion (up 32.10% YoY), net income rising to $94.62 million (up 61.92% YoY), and EPS growing to 1.73 (up 61.68% YoY). However, gross margin declined to 10.82%, down -10.13% YoY.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analyst sentiment is mixed. Cantor Fitzgerald initiated coverage with a Neutral rating and a $160 price target, citing strong near-term revenue visibility and a durable long-term project pipeline. KeyBanc maintains an Overweight rating with a $158 price target, highlighting growth drivers in renewables. However, Goldman Sachs issued a Sell rating with a $117 price target, citing slowing organic growth in solar revenue.

12 Analyst Rating

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 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.

7 Buy

4 Hold

1 Sell

Moderate Buy

Current: 149.130

Low

125.66

Averages

152.07

High

175

Current: 149.130

Low

125.66

Averages

152.07

High

175

Goldman Sachs

Adam Bubes

Sell

maintain

$117 -> $133

AI Analysis

2026-01-28

New

Reason

Goldman Sachs

Adam Bubes

Price Target

$117 -> $133

AI Analysis

2026-01-28

New

maintain

Sell

Reason

Goldman Sachs analyst Adam Bubes raised the firm's price target on Primoris to $133 from $117 and keeps a Sell rating on the shares.

Cantor Fitzgerald

Neutral

initiated

$160

2026-01-23

Reason

Cantor Fitzgerald

Price Target

$160

2026-01-23

initiated

Neutral

Reason

Cantor Fitzgerald initiated coverage of Primoris with a Neutral rating and $160 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. Primoris offers solid execution and a substantial recurring utility MSA base, supporting steady earnings growth with additional valuation upside, Cantor says.

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PRIM Should I Buy

PRIM Should I Buy

Should You Buy Primoris Services Corp (PRIM) 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

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