Primoris Services (PRIM) Stock Forecast, Price Target & Predictions
PRIM Stock Forecast
Primoris Services stock forecast is as follows: an average price target of $41.50 (represents a -35.50% downside from PRIM’s last price of $64.34) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
PRIM Price Target
The average price target for Primoris Services (PRIM) is $41.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $28.00. This represents a potential -35.50% downside from PRIM's last price of $64.34.
PRIM Analyst Ratings
According to 3 Wall Street analysts, Primoris Services's rating consensus is 'Buy'. The analyst rating breakdown for PRIM stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Primoris Services Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 04, 2024 | Brent Thielman | D.A. Davidson | $55.00 | $45.53 | 20.80% | -14.52% |
| Nov 16, 2022 | - | Morgan Stanley | $28.00 | $20.62 | 35.79% | -56.48% |
The latest Primoris Services stock forecast, released on Apr 04, 2024 by Brent Thielman from D.A. Davidson, set a price target of $55.00, which represents a 20.80% increase from the stock price at the time of the forecast ($45.53), and a -14.52% decrease from PRIM last price ($64.34).
Primoris Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $55.00 |
| Last Closing Price | $64.34 | $64.34 | $64.34 |
| Upside/Downside | -100.00% | -100.00% | -14.52% |
In the current month, the average price target of Primoris Services stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Primoris Services's last price of $64.34. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 05, 2024 | UBS | Buy | Buy | Hold |
| Apr 03, 2023 | Goldman Sachs | - | Neutral | Upgrade |
| Nov 16, 2022 | Morgan Stanley | Overweight | Overweight | Hold |
Primoris Services's last stock rating was published by UBS on Apr 05, 2024. The company gave PRIM a "Buy" rating, the same as its previous rate.
Primoris Services Financial Forecast
Primoris Services Revenue Forecast
| 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.52B | $1.53B | $1.41B | $1.26B | $1.33B | $1.28B | $1.02B | $784.38M | $884.45M | $913.25M | $881.61M | $818.33M | $897.34M | $942.70M | $908.22M | $743.24M | $789.78M | $865.06M |
| Avg Forecast | $1.78B | $1.92B | $1.83B | $1.64B | $1.65B | $1.74B | $1.67B | $1.48B | $1.51B | $1.58B | $1.54B | $1.38B | $1.55B | $1.43B | $1.35B | $1.07B | $1.31B | $1.19B | $949.03M | $801.08M | $892.94M | $991.51M | $946.90M | $750.76M | $840.34M | $915.54M | $799.14M | $668.80M | $833.12M | $894.98M |
| High Forecast | $1.78B | $1.92B | $1.83B | $1.64B | $1.65B | $1.74B | $1.67B | $1.48B | $1.51B | $1.58B | $1.54B | $1.38B | $1.65B | $1.43B | $1.35B | $1.07B | $1.31B | $1.19B | $949.03M | $801.08M | $892.94M | $991.51M | $946.90M | $750.76M | $840.34M | $915.54M | $799.14M | $668.80M | $833.12M | $894.98M |
| Low Forecast | $1.78B | $1.92B | $1.83B | $1.64B | $1.65B | $1.74B | $1.67B | $1.48B | $1.51B | $1.58B | $1.54B | $1.38B | $1.50B | $1.43B | $1.35B | $1.07B | $1.31B | $1.19B | $949.03M | $801.08M | $892.94M | $991.51M | $946.90M | $750.76M | $840.34M | $915.54M | $799.14M | $668.80M | $833.12M | $894.98M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.07% | 1.04% | 1.18% | 1.01% | 1.08% | 1.08% | 0.98% | 0.99% | 0.92% | 0.93% | 1.09% | 1.07% | 1.03% | 1.14% | 1.11% | 0.95% | 0.97% |
Primoris Services's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.38B, with a low forecast of $1.38B, and a high forecast of $1.38B. PRIM's average Quarter revenue forecast represents a -8.94% decrease compared to the company's last Quarter revenue of $1.52B (Dec 23).
Primoris Services EBITDA Forecast
| 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $74.84M | $88.41M | $70.80M | $49.79M | $94.32M | $79.31M | $53.14M | $21.19M | $65.23M | $93.07M | $82.51M | $51.68M | $72.03M | $86.19M | $69.75M | $23.51M | $62.12M | $76.87M |
| Avg Forecast | $126.43M | $135.91M | $129.64M | $116.62M | $116.93M | $123.75M | $118.45M | $104.74M | $106.78M | $112.28M | $108.98M | $44.83M | $109.65M | $101.64M | $95.93M | $40.75M | $72.78M | $84.20M | $67.31M | $43.59M | $63.33M | $70.32M | $67.16M | $126.39M | $59.60M | $64.93M | $56.68M | $127.68M | $59.09M | $63.47M |
| High Forecast | $126.43M | $135.91M | $129.64M | $116.62M | $116.93M | $123.75M | $118.45M | $104.74M | $106.78M | $112.28M | $108.98M | $53.79M | $117.03M | $101.64M | $95.93M | $48.90M | $87.33M | $84.20M | $67.31M | $52.30M | $63.33M | $70.32M | $67.16M | $151.67M | $59.60M | $64.93M | $56.68M | $153.22M | $59.09M | $63.47M |
| Low Forecast | $126.43M | $135.91M | $129.64M | $116.62M | $116.93M | $123.75M | $118.45M | $104.74M | $106.78M | $112.28M | $108.98M | $35.86M | $106.38M | $101.64M | $95.93M | $32.60M | $58.22M | $84.20M | $67.31M | $34.87M | $63.33M | $70.32M | $67.16M | $101.11M | $59.60M | $64.93M | $56.68M | $102.15M | $59.09M | $63.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 0.87% | 0.74% | 1.22% | 1.30% | 0.94% | 0.79% | 0.49% | 1.03% | 1.32% | 1.23% | 0.41% | 1.21% | 1.33% | 1.23% | 0.18% | 1.05% | 1.21% |
3 analysts predict PRIM's average Quarter EBITDA for Mar 24 to be $44.83M, with a high of $53.79M and a low of $35.86M. This is -40.10% lower than Primoris Services's previous annual EBITDA (Dec 23) of $74.84M.
Primoris Services Net Income Forecast
| 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $37.66M | $48.14M | $39.03M | $1.31M | $41.50M | $43.04M | $50.15M | $-1.67M | $29.54M | $44.05M | $36.29M | $5.85M | $31.81M | $43.94M | $32.96M | $-3.73M | $26.95M | $35.65M |
| Avg Forecast | $64.95M | $80.38M | $70.84M | $34.37M | $52.52M | $70.83M | $58.45M | $26.82M | $43.32M | $55.87M | $47.19M | $-3.62M | $40.87M | $47.19M | $32.26M | $-3.29M | $33.52M | $46.90M | $33.05M | $-3.52M | $33.45M | $42.40M | $38.94M | $19.56M | $23.39M | $36.29M | $15.96M | $-20.18M | $29.18M | $35.80M |
| High Forecast | $64.95M | $80.38M | $70.84M | $34.37M | $52.52M | $70.83M | $58.45M | $26.82M | $43.32M | $55.87M | $47.20M | $-2.89M | $40.87M | $47.47M | $32.26M | $-2.63M | $40.22M | $46.90M | $33.05M | $-2.81M | $33.45M | $42.40M | $38.94M | $23.47M | $23.39M | $36.29M | $15.96M | $-16.14M | $29.18M | $35.80M |
| Low Forecast | $64.95M | $80.38M | $70.84M | $34.37M | $52.52M | $70.83M | $58.45M | $26.82M | $43.32M | $55.87M | $47.18M | $-4.34M | $40.87M | $46.90M | $32.26M | $-3.94M | $26.81M | $46.90M | $33.05M | $-4.22M | $33.45M | $42.40M | $38.94M | $15.64M | $23.39M | $36.29M | $15.96M | $-24.22M | $29.18M | $35.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.02% | 1.21% | -0.40% | 1.24% | 0.92% | 1.52% | 0.48% | 0.88% | 1.04% | 0.93% | 0.30% | 1.36% | 1.21% | 2.07% | 0.19% | 0.92% | 1.00% |
Primoris Services's average Quarter net income forecast for Mar 24 is $-3.62M, with a range of $-4.34M to $-2.89M. PRIM's average Quarter net income forecast represents a -109.60% decrease compared to the company's last Quarter net income of $37.66M (Dec 23).
Primoris Services SG&A Forecast
| 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $80.75M | $84.40M | $85.57M | $78.01M | $90.67M | $75.72M | $59.73M | $55.45M | $57.23M | $61.71M | $57.75M | $53.43M | $49.93M | $57.10M | $51.42M | $44.39M | $48.57M | $49.83M |
| Avg Forecast | $109.20M | $117.38M | $111.97M | $100.73M | $101.00M | $106.88M | $102.31M | $90.47M | $92.23M | $96.98M | $94.13M | $119.77M | $94.71M | $87.79M | $82.85M | $108.89M | $65.20M | $72.73M | $58.13M | $116.46M | $54.70M | $60.74M | $58.00M | $178.62M | $51.48M | $56.08M | $48.95M | $239.70M | $51.03M | $54.82M |
| High Forecast | $109.20M | $117.38M | $111.97M | $100.73M | $101.00M | $106.88M | $102.31M | $90.47M | $92.23M | $96.98M | $94.13M | $143.73M | $101.08M | $87.79M | $82.85M | $130.66M | $78.23M | $72.73M | $58.13M | $139.75M | $54.70M | $60.74M | $58.00M | $214.34M | $51.48M | $56.08M | $48.95M | $287.63M | $51.03M | $54.82M |
| Low Forecast | $109.20M | $117.38M | $111.97M | $100.73M | $101.00M | $106.88M | $102.31M | $90.47M | $92.23M | $96.98M | $94.13M | $95.82M | $91.88M | $87.79M | $82.85M | $87.11M | $52.16M | $72.73M | $58.13M | $93.16M | $54.70M | $60.74M | $58.00M | $142.89M | $51.48M | $56.08M | $48.95M | $191.76M | $51.03M | $54.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.96% | 1.03% | 0.72% | 1.39% | 1.04% | 1.03% | 0.48% | 1.05% | 1.02% | 1.00% | 0.30% | 0.97% | 1.02% | 1.05% | 0.19% | 0.95% | 0.91% |
Primoris Services's average Quarter SG&A projection for Mar 24 is $119.77M, based on 3 Wall Street analysts, with a range of $95.82M to $143.73M. The forecast indicates a 48.33% rise compared to PRIM last annual SG&A of $80.75M (Dec 23).
Primoris Services EPS Forecast
| 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 13 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.69 | $0.90 | $0.73 | $0.02 | $0.78 | $0.81 | $0.94 | $-0.03 | $0.55 | $0.82 | $0.68 | $0.12 | $0.66 | $0.91 | $0.68 | $-0.08 | $0.53 | $0.70 |
| Avg Forecast | $1.19 | $1.47 | $1.30 | $0.63 | $0.96 | $1.30 | $1.07 | $0.49 | $0.79 | $1.02 | $0.86 | $0.24 | $0.75 | $0.86 | $0.59 | $-0.06 | $0.82 | $0.86 | $0.60 | $0.09 | $0.61 | $0.78 | $0.71 | $-0.08 | $0.43 | $0.66 | $0.29 | $-0.01 | $0.53 | $0.66 |
| High Forecast | $1.19 | $1.47 | $1.30 | $0.63 | $0.96 | $1.30 | $1.07 | $0.49 | $0.79 | $1.02 | $0.86 | $0.24 | $0.75 | $0.87 | $0.59 | $-0.06 | $0.82 | $0.86 | $0.60 | $0.09 | $0.61 | $0.78 | $0.71 | $-0.08 | $0.43 | $0.66 | $0.29 | $-0.01 | $0.53 | $0.66 |
| Low Forecast | $1.19 | $1.47 | $1.30 | $0.63 | $0.96 | $1.30 | $1.07 | $0.49 | $0.79 | $1.02 | $0.86 | $0.24 | $0.75 | $0.86 | $0.59 | $-0.06 | $0.82 | $0.86 | $0.60 | $0.09 | $0.61 | $0.78 | $0.71 | $-0.08 | $0.43 | $0.66 | $0.29 | $-0.01 | $0.53 | $0.66 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.04% | 1.24% | -0.36% | 0.95% | 0.94% | 1.55% | -0.36% | 0.90% | 1.06% | 0.95% | -1.58% | 1.54% | 1.37% | 2.33% | 5.49% | 0.99% | 1.07% |
According to 3 Wall Street analysts, Primoris Services's projected average Quarter EPS for Mar 24 is $0.24, with a low estimate of $0.24 and a high estimate of $0.24. This represents a -64.52% decrease compared to PRIM previous annual EPS of $0.69 (Dec 23).
Primoris Services Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| APG | APi Group | $35.25 | $41.00 | 16.31% | Buy |
| ROAD | Construction Partners | $78.06 | $79.67 | 2.06% | Strong Buy |
| TPC | Tutor Perini | $26.14 | $26.50 | 1.38% | Buy |
| MYRG | MYR Group | $133.24 | $124.67 | -6.43% | Buy |
| GVA | Granite Construction | $87.82 | $70.00 | -20.29% | - |
| PRIM | Primoris Services | $64.34 | $41.50 | -35.50% | Buy |
PRIM Forecast FAQ
Is Primoris Services a good buy?
Yes, according to 3 Wall Street analysts, Primoris Services (PRIM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of PRIM's total ratings.
What is PRIM's price target?
Primoris Services (PRIM) average price target is $41.5 with a range of $28 to $55, implying a -35.50% from its last price of $64.34. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Primoris Services stock go up soon?
According to Wall Street analysts' prediction for PRIM stock, the company can go down by -35.50% (from the last price of $64.34 to the average price target of $41.5), down by -14.52% based on the highest stock price target, and down by -56.48% based on the lowest stock price target.
Can Primoris Services stock reach $100?
PRIM's average twelve months analyst stock price target of $41.5 does not support the claim that Primoris Services can reach $100 in the near future.
What are Primoris Services's analysts' financial forecasts?
Primoris Services's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.54B (high $6.54B, low $6.54B), average EBITDA is $463.88M (high $463.88M, low $463.88M), average net income is $208.63M (high $208.63M, low $208.63M), average SG&A $400.66M (high $400.66M, low $400.66M), and average EPS is $3.82 (high $3.82, low $3.82). PRIM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.17B (high $7.17B, low $7.17B), average EBITDA is $508.6M (high $508.6M, low $508.6M), average net income is $250.53M (high $250.53M, low $250.53M), average SG&A $439.28M (high $439.28M, low $439.28M), and average EPS is $4.58 (high $4.58, low $4.58).
Did the PRIM's actual financial results beat the analysts' financial forecasts?
Based on Primoris Services's last annual report (Dec 2023), the company's revenue was $5.72B, beating the average analysts forecast of $5.4B by 5.88%. Apple's EBITDA was $253.07M, missing the average prediction of $347.97M by -27.27%. The company's net income was $126.14M, beating the average estimation of $117.03M by 7.79%. Apple's SG&A was $328.73M, missing the average forecast of $374.23M by -12.16%. Lastly, the company's EPS was $2.33, beating the average prediction of $2.15 by 8.61%. In terms of the last quarterly report (Dec 2023), Primoris Services's revenue was $1.52B, missing the average analysts' forecast of $1.55B by -1.97%. The company's EBITDA was $74.84M, missing the average prediction of $109.65M by -31.74%. Primoris Services's net income was $37.66M, missing the average estimation of $40.87M by -7.85%. The company's SG&A was $80.75M, missing the average forecast of $94.71M by -14.74%. Lastly, the company's EPS was $0.69, missing the average prediction of $0.748 by -7.73%