MasTec stock gains 5.01 percent as analysts cut targets

Published on 10/07/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MasTec stock posted USD 4.4 billion in Q2 2026 revenue, up 23 percent year over year. TD Cowen lowered its target to USD 320 on October 5.

MTZ, US5763231090, Illustration mit AI erstellt.

MasTec (ISIN US5763231090) was trading at USD 230.40 on October 6, 2026 at 1:46 p.m. ET, up 5.01 percent from the previous close. The move followed a series of analyst target cuts, including TD Cowen's reduction from USD 420 to USD 320 on October 5, 2026, while retaining a Buy rating, as Investing.com reported.

TD Cowen cuts target to USD 320

TD Cowen linked its revised outlook to delayed pipeline work in the third quarter. The firm expects stronger Power Delivery activity to offset part of that timing pressure, while its long-term Clean Energy and Infrastructure growth assumption fell to 23 percent from 45 percent, according to Investing.com.

Revenue reaches USD 4.4 billion

MasTec reported second-quarter 2026 revenue of USD 4.4 billion, a quarterly record and a 23 percent increase from the prior year. Its 18-month backlog reached USD 21.4 billion, up USD 4.9 billion year over year and USD 1.1 billion from the prior quarter, with Clean Energy and Infrastructure backlog growth of 58 percent, according to the company's investor-relations release dated July 30, 2026.

The quarter also showed the tension behind the share-price volatility. MarketBeat reported adjusted earnings per share of USD 2.22, below the USD 2.23 consensus, while revenue exceeded the USD 4.30 billion estimate. The figures put execution and project timing ahead of backlog size as the immediate test for the next quarter.

Consensus target stays above USD 400

MarketBeat reported a Moderate Buy consensus from 22 brokerages on October 6, 2026, comprising 19 Buy ratings and three Holds. The average 12-month target of USD 414.20 lies 79.8 percent above the USD 230.40 share price, keeping the analyst view materially more optimistic than the latest quotation.

Stock remains below yearly high

MasTec's USD 230.40 price on October 6, 2026 stood within a 52-week range of USD 182.34 to USD 441.43, while market capitalization was USD 18.5 billion. The stock was 47.8 percent below its yearly high, making the analyst revisions and the next quarterly execution update central to the valuation debate.