MasTec (MTZ) Stock Forecast, Price Target & Predictions

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MTZ Stock Forecast

MasTec stock forecast is as follows: an average price target of $134.67 (represents a -4.37% downside from MTZ’s last price of $140.82) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

MTZ Price Target

The average price target for MasTec (MTZ) is $134.67 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $173.00 to $102.00. This represents a potential -4.37% downside from MTZ's last price of $140.82.

MTZ Analyst Ratings

Buy

According to 11 Wall Street analysts, MasTec's rating consensus is 'Buy'. The analyst rating breakdown for MTZ stock is 0 'Strong Buy' (0.00%), 10 'Buy' (90.91%), 1 'Hold' (9.09%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

MasTec Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 05, 2024	Jamie Cook	Truist Financial	$173.00	$136.54	26.70%	22.85%
Nov 04, 2024	Brent Theilman	D.A. Davidson	$160.00	$132.61	20.65%	13.62%
Oct 22, 2024	Andrew Kaplowitz	Citigroup	$150.00	$128.20	17.00%	6.52%
Oct 16, 2024	Alex Rygiel	B.Riley Financial	$151.00	$125.38	20.43%	7.23%
Aug 05, 2024	Brian Brophy	Stifel Nicolaus	$121.00	$101.09	19.70%	-14.07%
May 31, 2024	Alex Rygiel	B.Riley Financial	$132.00	$111.39	18.50%	-6.26%
May 13, 2024	Sangita Jain	KeyBanc	$120.00	$106.53	12.64%	-14.78%
May 07, 2024	Brent Thielman	D.A. Davidson	$120.00	$105.81	13.41%	-14.78%
May 06, 2024	Christian Schwab	Craig-Hallum	$125.00	$106.08	17.84%	-11.23%
May 06, 2024	Brian Brophy	Stifel Nicolaus	$120.00	$101.80	17.88%	-14.78%

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The latest MasTec stock forecast, released on Nov 05, 2024 by Jamie Cook from Truist Financial, set a price target of $173.00, which represents a 26.70% increase from the stock price at the time of the forecast ($136.54), and a 22.85% increase from MTZ last price ($140.82).

MasTec Price Target by Period

	1M	3M	12M
# Anlaysts	3	4	16
Avg Price Target	$161.00	$158.50	$125.75
Last Closing Price	$140.82	$140.82	$140.82
Upside/Downside	14.33%	12.56%	-10.70%

In the current month, the average price target of MasTec stock is $161.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 14.33% increase as opposed to MasTec's last price of $140.82. This month's average price target is up 1.58% compared to last quarter, and up 28.03% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 22, 2024	Citigroup	Buy	Buy	Hold
Oct 08, 2024	KeyBanc	Overweight	Overweight	Hold
Aug 05, 2024	B. Riley Securities	Buy	Buy	Hold
Aug 05, 2024	B. Riley	Buy	Buy	Hold
Jul 22, 2024	Craig-Hallum	Underperform	Underperform	Hold
Jul 22, 2024	Goldman Sachs	Buy	Buy	Hold
Jul 22, 2024	Citigroup	Buy	Buy	Hold
Jun 27, 2024	Craig-Hallum	Underperform	Underperform	Hold
Jun 27, 2024	Goldman Sachs	Buy	Buy	Hold
May 31, 2024	B. Riley	Buy	Buy	Hold

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MasTec's last stock rating was published by Citigroup on Oct 22, 2024. The company gave MTZ a "Buy" rating, the same as its previous rate.

MasTec Financial Forecast

MasTec Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.28B	$3.26B	$2.87B	$2.58B	$3.01B	$2.51B	$2.30B	$1.95B	$1.81B	$2.40B
Avg Forecast	$5.86B	$5.66B	$5.47B	$5.28B	$5.10B	$4.93B	$4.76B	$4.60B	$3.88B	$3.80B	$3.40B	$3.10B	$3.63B	$3.58B	$3.26B	$2.87B	$3.32B	$3.43B	$3.09B	$2.63B	$3.26B	$3.79B	$3.00B	$2.39B	$2.91B	$2.55B	$2.24B	$1.79B	$1.88B	$2.28B
High Forecast	$6.04B	$5.83B	$5.63B	$5.44B	$5.26B	$5.08B	$4.90B	$4.74B	$4.00B	$3.92B	$3.50B	$3.19B	$3.74B	$3.68B	$3.36B	$2.88B	$3.34B	$3.43B	$3.09B	$2.63B	$3.28B	$3.79B	$3.09B	$2.46B	$3.00B	$2.55B	$2.24B	$1.79B	$1.88B	$2.28B
Low Forecast	$5.72B	$5.52B	$5.34B	$5.15B	$4.98B	$4.81B	$4.65B	$4.49B	$3.78B	$3.71B	$3.32B	$3.02B	$3.54B	$3.49B	$3.18B	$2.80B	$3.30B	$3.42B	$3.09B	$2.62B	$3.24B	$3.79B	$2.93B	$2.33B	$2.84B	$2.55B	$2.24B	$1.79B	$1.88B	$2.28B
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	7	3	3	3	6	3	3	3	4	4	4	4	3	3
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	0.86%	0.96%	1.08%	1.03%	0.99%	1.03%	1.09%	0.96%	1.05%

MasTec's average Quarter revenue forecast for Mar 24 based on 3 analysts is $2.63B, with a low forecast of $2.62B, and a high forecast of $2.63B. MTZ's average Quarter revenue forecast represents a -19.90% decrease compared to the company's last Quarter revenue of $3.28B (Dec 23).

MasTec EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	7	3	3	3	6	3	3	3	4	4	4	4	3	3
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$189.52M	$219.32M	$213.18M	$76.60M	$224.97M	$206.47M	$152.31M	$78.72M	$211.99M	$271.84M
Avg Forecast	$1.59B	$1.53B	$1.48B	$1.43B	$1.38B	$1.33B	$1.29B	$1.25B	$1.05B	$1.03B	$920.59M	$838.11M	$982.81M	$968.10M	$882.30M	$776.62M	$899.94M	$927.68M	$836.67M	$148.03M	$883.61M	$1.03B	$812.40M	$134.57M	$256.00M	$246.98M	$216.60M	$122.34M	$181.85M	$221.02M
High Forecast	$1.63B	$1.58B	$1.53B	$1.47B	$1.42B	$1.37B	$1.33B	$1.28B	$1.08B	$1.06B	$948.39M	$863.42M	$1.01B	$997.34M	$908.95M	$779.25M	$905.37M	$928.94M	$836.97M	$177.64M	$889.03M	$1.03B	$836.94M	$161.49M	$307.20M	$246.98M	$216.60M	$146.81M	$181.85M	$221.02M
Low Forecast	$1.55B	$1.50B	$1.44B	$1.40B	$1.35B	$1.30B	$1.26B	$1.21B	$1.02B	$1.00B	$898.19M	$817.71M	$958.89M	$944.54M	$860.83M	$757.73M	$894.52M	$926.42M	$836.37M	$118.42M	$878.19M	$1.03B	$792.63M	$107.66M	$204.80M	$246.98M	$216.60M	$97.87M	$181.85M	$221.02M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21%	0.21%	0.26%	0.57%	0.88%	0.84%	0.70%	0.64%	1.17%	1.23%

3 analysts predict MTZ's average Quarter EBITDA for Mar 24 to be $148.03M, with a high of $177.64M and a low of $118.42M. This is -21.89% lower than MasTec's previous annual EBITDA (Dec 23) of $189.52M.

MasTec Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	7	3	3	3	6	3	3	3	4	4	4	4	3	3
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$753.00K	$30.44M	$15.54M	$-80.55M	$3.22M	$48.90M	$16.21M	$-34.96M	$76.39M	$111.09M
Avg Forecast	$227.51M	$263.95M	$213.25M	$117.08M	$198.96M	$237.45M	$188.09M	$93.40M	$161.27M	$174.80M	$135.14M	$58.15M	$134.92M	$151.61M	$103.12M	$32.02M	$95.85M	$97.07M	$68.34M	$-65.79M	$35.70M	$145.46M	$67.39M	$-59.81M	$92.45M	$100.84M	$56.54M	$-54.37M	$101.96M	$133.63M
High Forecast	$236.44M	$274.31M	$221.62M	$121.67M	$206.78M	$246.77M	$195.47M	$97.07M	$167.60M	$181.67M	$140.44M	$60.43M	$140.21M	$157.56M	$107.17M	$36.51M	$101.35M	$97.46M	$68.38M	$-52.63M	$37.29M	$145.47M	$70.03M	$-47.85M	$110.93M	$101.11M	$56.54M	$-43.50M	$101.96M	$133.63M
Low Forecast	$220.31M	$255.60M	$206.50M	$113.37M	$192.67M	$229.94M	$182.14M	$90.45M	$156.17M	$169.27M	$130.86M	$56.31M	$130.65M	$146.82M	$99.86M	$27.54M	$74.64M	$96.68M	$68.30M	$-78.95M	$33.32M	$145.45M	$65.26M	$-71.77M	$73.96M	$100.56M	$56.54M	$-65.25M	$101.96M	$133.63M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02%	0.21%	0.23%	1.35%	0.03%	0.48%	0.29%	0.64%	0.75%	0.83%

MasTec's average Quarter net income forecast for Mar 24 is $-65.79M, with a range of $-78.95M to $-52.63M. MTZ's average Quarter net income forecast represents a -8837.53% decrease compared to the company's last Quarter net income of $753.00K (Dec 23).

MasTec SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	7	3	3	3	6	3	3	3	4	4	4	4	3	3
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$178.19M	$180.64M	$176.16M	$163.91M	$155.19M	$125.07M	$133.78M	$145.39M	$67.97M	$91.64M
Avg Forecast	$282.40M	$272.79M	$263.50M	$254.53M	$245.86M	$237.49M	$229.40M	$221.59M	$186.86M	$183.22M	$163.82M	$149.14M	$174.89M	$172.27M	$157.01M	$138.20M	$160.15M	$165.08M	$148.89M	$273.48M	$157.24M	$182.46M	$144.57M	$248.62M	$81.99M	$122.83M	$107.72M	$226.02M	$90.44M	$109.92M
High Forecast	$290.93M	$281.02M	$271.46M	$262.21M	$253.29M	$244.66M	$236.33M	$228.29M	$192.51M	$188.76M	$168.77M	$153.65M	$180.17M	$177.48M	$161.75M	$138.67M	$161.11M	$165.31M	$148.94M	$328.17M	$158.20M	$182.46M	$148.93M	$298.34M	$98.39M	$122.83M	$107.72M	$271.22M	$90.44M	$109.92M
Low Forecast	$275.53M	$266.15M	$257.09M	$248.33M	$239.88M	$231.71M	$223.82M	$216.20M	$182.32M	$178.77M	$159.83M	$145.51M	$170.64M	$168.08M	$153.19M	$134.84M	$159.18M	$164.86M	$148.83M	$218.78M	$156.27M	$182.46M	$141.05M	$198.89M	$65.59M	$122.83M	$107.72M	$180.81M	$90.44M	$109.92M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.13%	0.99%	1.22%	0.66%	1.89%	1.02%	1.24%	0.64%	0.75%	0.83%

MasTec's average Quarter SG&A projection for Mar 24 is $273.48M, based on 3 Wall Street analysts, with a range of $218.78M to $328.17M. The forecast indicates a 53.48% rise compared to MTZ last annual SG&A of $178.19M (Dec 23).

MasTec EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	7	3	3	3	6	3	3	3	4	4	4	4	3	3
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.01	$0.39	$0.20	$-1.05	$0.04	$0.66	$0.22	$-0.47	$1.05	$1.53
Avg Forecast	$2.88	$3.34	$2.70	$1.48	$2.52	$3.01	$2.38	$1.18	$2.04	$2.22	$1.71	$0.74	$1.71	$1.92	$1.31	$0.41	$1.21	$1.23	$0.87	$-0.41	$0.45	$1.84	$0.85	$-0.57	$0.98	$1.28	$0.72	$-0.13	$1.29	$1.69
High Forecast	$3.00	$3.48	$2.81	$1.54	$2.62	$3.13	$2.48	$1.23	$2.12	$2.30	$1.78	$0.77	$1.78	$2.00	$1.36	$0.46	$1.28	$1.24	$0.87	$-0.40	$0.47	$1.84	$0.89	$-0.55	$1.02	$1.28	$0.72	$-0.13	$1.29	$1.69
Low Forecast	$2.79	$3.24	$2.62	$1.44	$2.44	$2.91	$2.31	$1.15	$1.98	$2.15	$1.66	$0.71	$1.66	$1.86	$1.27	$0.35	$0.95	$1.23	$0.87	$-0.43	$0.42	$1.84	$0.83	$-0.59	$0.95	$1.28	$0.72	$-0.13	$1.29	$1.69
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02%	0.21%	0.23%	1.85%	0.04%	0.52%	0.31%	3.66%	0.81%	0.90%

According to 3 Wall Street analysts, MasTec's projected average Quarter EPS for Mar 24 is $-0.41, with a low estimate of $-0.43 and a high estimate of $-0.40. This represents a -4419.27% decrease compared to MTZ previous annual EPS of $0.01 (Dec 23).

MasTec Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
J	Jacobs Engineering Group	$132.50	$158.17	19.37%	Buy
DY	Dycom Industries	$176.56	$205.17	16.20%	Buy
APG	APi Group	$36.00	$41.00	13.89%	Buy
BLD	TopBuild	$351.10	$396.50	12.93%	Buy
FIX	Comfort Systems USA	$476.25	$525.00	10.24%	Buy
MTZ	MasTec	$140.82	$134.67	-4.37%	Buy
MYRG	MYR Group	$145.46	$138.33	-4.90%	Buy
ROAD	Construction Partners	$91.31	$79.67	-12.75%	Strong Buy
PWR	Quanta Services	$332.34	$266.33	-19.86%	Buy
GVA	Granite Construction	$97.25	$70.00	-28.02%	-
PRIM	Primoris Services	$80.42	$41.50	-48.40%	Buy

MTZ Forecast FAQ

Is MasTec a good buy?

Yes, according to 11 Wall Street analysts, MasTec (MTZ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 90.91% of MTZ's total ratings.

What is MTZ's price target?

MasTec (MTZ) average price target is $134.67 with a range of $102 to $173, implying a -4.37% from its last price of $140.82. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will MasTec stock go up soon?

According to Wall Street analysts' prediction for MTZ stock, the company can go down by -4.37% (from the last price of $140.82 to the average price target of $134.67), up by 22.85% based on the highest stock price target, and down by -27.57% based on the lowest stock price target.

Can MasTec stock reach $200?

MTZ's average twelve months analyst stock price target of $134.67 does not support the claim that MasTec can reach $200 in the near future.

What is MasTec's current price target trend?

3 Wall Street analysts forecast a $161 price target for MasTec (MTZ) this month, up 14.33% from its last price of $140.82. Compared to the last 3 and 12 months, the average price target increased by 12.56% and decreased by -10.70%, respectively.

What are MasTec's analysts' financial forecasts?

MasTec's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $19.39B (high $19.98B, low $18.92B), average EBITDA is $5.25B (high $5.41B, low $5.12B), average net income is $717.9M (high $746.09M, low $695.2M), average SG&A $934.35M (high $962.57M, low $911.62M), and average EPS is $9.1 (high $9.45, low $8.81). MTZ's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $22.27B (high $22.95B, low $21.73B), average EBITDA is $6.03B (high $6.21B, low $5.88B), average net income is $821.78M (high $854.04M, low $795.78M), average SG&A $1.07B (high $1.11B, low $1.05B), and average EPS is $10.41 (high $10.82, low $10.08).

Did the MTZ's actual financial results beat the analysts' financial forecasts?

Based on MasTec's last annual report (Dec 2023), the company's revenue was $12B, which missed the average analysts forecast of $12.44B by -3.58%. Apple's EBITDA was $683.27M, missing the average prediction of $2.86B by -76.08%. The company's net income was $-118M, missing the average estimation of $188.73M by -162.58%. Apple's SG&A was $698.9M, missing the average forecast of $732.89M by -4.64%. Lastly, the company's EPS was $-1.52, missing the average prediction of $2.58 by -158.87%. In terms of the last quarterly report (Dec 2023), MasTec's revenue was $3.28B, beating the average analysts' forecast of $3.26B by 0.52%. The company's EBITDA was $189.52M, missing the average prediction of $883.61M by -78.55%. MasTec's net income was $753K, missing the average estimation of $35.7M by -97.89%. The company's SG&A was $178.19M, beating the average forecast of $157.24M by 13.32%. Lastly, the company's EPS was $0.0096, missing the average prediction of $0.452 by -97.88%