MTZ
Wall Street’s MasTec lovefest continues
KeyCorp decided MasTec doesn’t just have legs — it apparently has a full sprint planned. The firm started coverage with an Overweight rating and a $335 price target, which is basically Wall Street’s way of saying, “Nice construction-heavy backlog you’ve got there. Please keep it coming.”
Why investors should care
This isn’t happening in a vacuum. Other big-name shops — including Mizuho, Citigroup, Robert W. Baird, and Cantor Fitzgerald — have also bumped their targets higher, pushing MasTec’s average analyst price target to $325.33. In analyst-speak, that’s a pretty loud chorus saying the stock still has room to run.
The timing matters
MasTec is also coming off a strong quarter, with recent results showing $2.07 in EPS and $3.94 billion in revenue, up 15.8% year over year. The company itself is guiding Q1 2026 EPS of $1.00 and full-year 2026 EPS of $8.40, which actually tops KeyCorp’s Q1 estimate of $0.92.
Big picture
So this is less “one analyst changed its mind” and more “the Street is still piling into the same trade.” If MasTec keeps printing solid infrastructure and utility demand, bulls get to keep making the case that this name still has gas in the tank.