KeyCorp raises target for Dycom Industries stock from USD 423.00 to USD 429.00

Published on 10/07/2026 at 05:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 2.01 billion in fiscal second quarter 2027, up 45.60 percent year over year. Analysts set a USD 502.92 average target for Dycom Industries stock.

DY, US2674751019, Illustration mit AI erstellt.

KeyCorp raised its price target for Dycom Industries from USD 423.00 to USD 429.00 on September 21, 2026, according to MarketBeat. The change keeps the analyst debate centered on valuation after a sharp retreat from earlier highs.

Quarterly growth meets execution pressure

Dycom reported USD 2.01 billion of revenue in the fiscal second quarter of 2027, up 45.60 percent from the same quarter a year earlier. Reported earnings per share reached USD 5.29, compared with a USD 4.72 consensus estimate and USD 3.33 in the prior-year quarter, according to MarketBeat. The earnings comparison gives the latest target revision a stronger operating backdrop than the share-price trend alone suggests.

Dycom's board authorized a USD 150.00 million share repurchase program on August 26, 2026, with purchases permitted over 18 months, according to Dycom Industries. Capital returns therefore add a second valuation factor alongside the analyst targets.

Backlog lifts the fiscal outlook

Dycom ended the fiscal second quarter of 2027 with a record USD 12.20 billion backlog and raised its fiscal 2027 revenue outlook to USD 7.48 billion to USD 7.66 billion, according to Zacks. The midpoint implies 36.50 percent total revenue growth, while the company expects USD 150.00 million of wireless revenue to shift from the second half of fiscal 2027 into fiscal 2028.

That timing shift is the principal counterweight to the backlog figure. Zacks reported that Communications margins faced pressure from workforce investment, wireless deferrals and higher fuel costs during the fiscal second quarter of 2027, leaving execution and margin recovery as the key tests for the higher outlook.

Analyst targets frame the valuation

MarketBeat reported on September 22, 2026, that 10 of 12 analysts rated Dycom Industries a Buy and two assigned a Hold rating, with an average 12-month target of USD 502.92. The target spread remains wide, from USD 375.00 at Raymond James to USD 620.00 at Guggenheim, which highlights differing views on backlog conversion and margin durability.

Lang & Schwarz lists EUR 259.00 as the prior close for October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Dycom Industries stock.