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Primoris Services (PRIM) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PRIM Stock Forecast

Primoris Services (PRIM) stock forecast, based on 4 Wall Street analysts, predicts a 12-month average price target of $41.50, with a high of $55.00 and a low of $28.00. This represents a -44.36% decline from the last price of $74.59.

$25 $37 $49 $61 $73 $85 High: $55 Avg: $41.5 Low: $28 Last Closed Price: $74.59

PRIM Stock Rating

Primoris Services stock's rating consensus is Buy, based on 4 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (75.00%), 1 Hold (25.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 4 0 1 3 Strong Sell Sell Hold Buy Strong Buy

PRIM Forecast vs Benchmarks

TypeNameUpside
StockPrimoris Services-44.36%
SectorIndustrials Stocks 15.95%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$55.00
Last Closing Price$74.59$74.59$74.59
Upside/Downside---26.26%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25251--8
Dec, 24241--7
Nov, 24236--11
Oct, 24236--11
Sep, 24236--11
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 04, 2024Brent ThielmanD.A. Davidson$55.00$45.5320.80%-26.26%
Nov 16, 2022Morgan Stanley$28.00$20.6235.79%-62.46%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 08, 2025GuggenheimBuyinitialise
Apr 05, 2024UBSBuyBuyhold
Apr 03, 2023Goldman SachsNeutralupgrade
Nov 16, 2022Morgan StanleyOverweightOverweighthold

Financial Forecast

EPS Forecast

$1 $2 $3 $4 $5 $6 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$2.17$2.19$2.50$2.33---
Avg Forecast$1.94$2.61$2.45$2.75$3.49$4.00$4.69
High Forecast$1.91$2.57$2.41$2.56$3.47$3.93$4.22
Low Forecast$1.99$2.69$2.54$3.16$3.50$4.07$5.07
Surprise %11.86%-16.09%2.04%-15.27%---

Revenue Forecast

$3B $4B $5B $5B $6B $7B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$3.49B$3.50B$4.42B$5.72B---
Avg Forecast$3.43B$3.51B$4.41B$5.75B$6.24B$6.57B$6.90B
High Forecast$3.39B$3.47B$4.34B$5.70B$6.21B$6.50B$6.90B
Low Forecast$3.51B$3.60B$4.52B$5.85B$6.26B$6.64B$6.90B
Surprise %1.66%-0.46%0.26%-0.53%---

Net Income Forecast

$0 $60M $120M $180M $240M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$104.98M$115.74M$133.02M$126.14M---
Avg Forecast$51.36M$129.20M$152.09M$126.14M$188.74M$217.08M$232.23M
High Forecast$33.02M$103.36M$120.26M$100.00M$187.93M$213.36M$228.77M
Low Forecast$69.71M$155.04M$183.91M$152.29M$189.56M$220.81M$275.00M
Surprise %104.40%-10.42%-12.54%----

PRIM Forecast FAQ

Is Primoris Services stock a buy?

Primoris Services stock has a consensus rating of Buy, based on 4 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Primoris Services is a favorable investment for most analysts.

What is Primoris Services's price target?

Primoris Services's price target, set by 4 Wall Street analysts, averages $41.5 over the next 12 months. The price target range spans from $28 at the low end to $55 at the high end, suggesting a potential -44.36% change from the previous close price of $74.59.

How does Primoris Services stock forecast compare to the average forecast of its sector, industry, and investment themes?

Primoris Services stock forecast shows a -44.36% downside, underperforming the average forecast for the industrials stocks sector (15.95%).

What is the breakdown of analyst ratings for Primoris Services over the past three months?

  • January 2025: 25.00% Strong Buy, 62.50% Buy, 12.50% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 28.57% Strong Buy, 57.14% Buy, 14.29% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 18.18% Strong Buy, 27.27% Buy, 54.55% Hold, 0% Sell, 0% Strong Sell.

What is Primoris Services’s EPS forecast?

Primoris Services's average annual EPS forecast for its fiscal year ending in December is 3.49 for 2024, a 49.79% increase from the reported $2.33 in 2023. The prediction for 2025 is $4, and $4.69 for 2026.

What is Primoris Services’s revenue forecast?

Primoris Services's average annual revenue forecast for its fiscal year ending in December is $6.24B for 2024, a 9.13% increase from the reported $5.72B in 2023. The forecast for 2025 is $6.57B, and $6.9B for 2026.

What is Primoris Services’s net income forecast?

For its fiscal year ending in December, Primoris Services's average annual net income forecast is $188.74M for 2024, reflecting an 49.62% increase from the reported $126.14M in 2023. The projection for 2025 is $217.08M, and $232.23M for 2026.