Barclays keeps USD 320 target for MasTec stock

Published on 10/20/2026 at 20:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MasTec revenue rose 23.40 percent in the second quarter. MasTec stock costs EUR 167.03 on October 20, 2026, down 1.08 percent versus Frankfurt.

Analyst target and earnings date

Barclays maintained a USD 320.00 target and Buy rating on October 16, 2026.
Second-quarter revenue rose 23.40 percent to USD 4.37 billion.
MasTec stock costs EUR 167.03 at Lang & Schwarz on October 20, 2026 at 8:45 p.m. CEST, 1.08 percent below the Frankfurt close of October 16, 2026.
MasTec reports third-quarter results on October 30, 2026.

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Barclays maintained a Buy rating and a USD 320.00 price target for MasTec on October 16, 2026, according to Markets Insider. MasTec stock was trading at EUR 167.03 at Lang & Schwarz on October 20, 2026 at 8:45 p.m. CEST, down 1.08 percent versus the Frankfurt close of October 16, 2026 at EUR 168.85.

Revenue growth stays broad

MasTec reported second-quarter 2026 revenue of USD 4.37 billion, up 23.40 percent from USD 3.54 billion a year earlier. Adjusted earnings per share reached USD 2.22, an increase of 48.80 percent, while adjusted EBITDA rose 40.00 percent to USD 384.00 million, according to Business Wire.

The reported figures give the analyst target a demanding backdrop. The USD 320.00 target stands 70.65 percent above the USD 187.95 primary-market price implied by the October 20, 2026 quote, while the stock's USD 143.93 to USD 441.43 52-week range shows a wide valuation spread.

Price position and valuation

MasTec's market capitalization was USD 15.1 billion on October 20, 2026, and its price-to-earnings ratio was 29.92. The stock's daily move was weaker than both Quanta Services, which fell 3.42 percent to a USD 89.8 billion market value at a 68.44 ratio, and Comfort Systems USA, which fell 4.74 percent to USD 49.1 billion at a 34.30 ratio.

Next date for investors

MasTec's next earnings conference call is scheduled for October 30, 2026, at 9:00 a.m. EDT, according to the company's investor-relations page. The company operates across communications, power delivery, pipeline infrastructure, and clean energy and infrastructure.

Comparison with peers

MasTec: down 1.08 percent, price-to-earnings ratio 29.92, market capitalization USD 15.1 billion.
Quanta Services (NYSE, USD): down 3.42 percent, price-to-earnings ratio 68.44, market capitalization USD 89.8 billion.
Comfort Systems USA (NYSE, USD): down 4.74 percent, price-to-earnings ratio 34.30, market capitalization USD 49.1 billion.

What the target means

Barclays' USD 320.00 target is materially above the current U.S. quotation, but MasTec's second-quarter growth also came with a broad operating profile rather than a single segment contribution. The next earnings call will test whether the updated full-year outlook remains supported by execution.

MasTec is listed on the NYSE under MTZ, as reported by Investing.com. The further course of trading is shown by the continuously updated real-time quote of MasTec stock.