MasTec, Inc. (MTZ)
NYSE: MTZ · IEX Real-Time Price · USD
93.25
-0.48 (-0.51%)
Mar 28, 2024, 4:00 PM EDT - Market closed

MasTec Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for MasTec stock have an average target of 94.08, with a low estimate of 61 and a high estimate of 106. The average target predicts an increase of 0.89% from the current stock price of 93.25.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $61 $94.08 $97 $106
Change -34.58% +0.89% +4.02% +13.67%

Analyst Ratings

The average analyst rating for MasTec stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 655556
Buy 444443
Hold 022333
Sell 000000
Strong Sell 000000
Total 101111121212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Truist Securities
Truist Securities
Hold
Initiates
$96
Hold Initiates $96 +2.95% Mar 14, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$83$104
Strong Buy Maintains $83$104 +11.53% Mar 8, 2024
Barclays
Barclays
Buy
Maintains
$55$106
Buy Maintains $55$106 +13.67% Mar 5, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$70$100
Strong Buy Maintains $70$100 +7.24% Mar 5, 2024
DA Davidson
DA Davidson
Strong Buy
Reiterates
$70
Strong Buy Reiterates $70 -24.93% Mar 4, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
12.59B
from 12.00B
Increased by 4.94%
Revenue Next Year
13.67B
from 12.59B
Increased by 8.56%
EPS This Year
2.73
from -0.64
EPS Next Year
4.33
from 2.73
Increased by 58.49%
Year 2019202020212022202320242025202620272028
Revenue
7.18B6.32B7.95B9.78B12.00B12.59B13.67B14.63B14.89B15.62B
Revenue Growth
3.96%-12.00%25.80%22.97%22.68%4.94%8.56%7.03%1.83%4.85%
EPS
5.174.384.450.42-0.642.734.335.716.836.88
EPS Growth
58.59%-15.28%1.60%-90.56%--58.49%31.99%19.67%0.67%
No. Analysts -----1413432
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 13.2B 14.8B 15.5B 15.6B 16.2B
Avg 12.6B 13.7B 14.6B 14.9B 15.6B
Low 11.9B 12.9B 14.0B 14.3B 15.2B

Revenue Growth

Revenue Growth 20242025202620272028
High
10.4%
17.7%
13.7%
6.6%
9.0%
Avg
4.9%
8.6%
7.0%
1.8%
4.9%
Low
-1.1%
2.9%
2.3%
-1.9%
1.7%

EPS Forecast

EPS 20242025202620272028
High 3.98 5.62 6.51 8.18 7.15
Avg 2.73 4.33 5.71 6.83 6.88
Low 1.72 3.46 5.26 5.63 6.67

EPS Growth

EPS Growth 20242025202620272028
High -
105.8%
50.5%
43.3%
4.7%
Avg -
58.5%
32.0%
19.7%
0.7%
Low -
26.7%
21.6%
-1.5%
-2.3%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.