In a recent update, Keybanc analyst Sangita Jain has adjusted the price target for Primoris Services (PRIM, Financial), increasing it from $67.00 to $74.00. This change represents a 10.45% rise in the price target.
Despite the adjustment in the price target, the stock's rating remains unchanged. Sangita Jain maintains an "Overweight" rating on Primoris Services (PRIM, Financial), indicating continued confidence in the company's potential for growth.
The announcement date for this update was May 7, 2025, providing investors with the latest assessment of the company's market outlook.
Primoris Services (PRIM, Financial) continues to attract attention in the stock market, as reflected by this positive adjustment by a reputable analyst firm.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Primoris Services Corp (PRIM, Financial) is $84.70 with a high estimate of $110.00 and a low estimate of $67.00. The average target implies an upside of 28.01% from the current price of $66.17. More detailed estimate data can be found on the Primoris Services Corp (PRIM) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Primoris Services Corp's (PRIM, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Primoris Services Corp (PRIM, Financial) in one year is $43.66, suggesting a downside of 34.01% from the current price of $66.165. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Primoris Services Corp (PRIM) Summary page.
