MasTec (MTZ, Financial) received a fresh endorsement from Jefferies as analyst Julien Dumoulin-Smith initiated coverage on the stock with a 'Buy' rating. The coverage initiation comes with a price target of $188.00 USD, signaling confidence in the company's future performance.
The rating and target price announcement, made on May 16, 2025, highlights the potential seen by Jefferies in MasTec (MTZ, Financial). This move could appeal to investors looking for opportunities in the industry, as the 'Buy' rating points to a positive outlook for the stock's trajectory.
This is a notable development for MasTec (MTZ, Financial), as it represents new coverage from a leading financial services firm, providing added visibility and potentially influencing market perceptions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for MasTec Inc (MTZ, Financial) is $173.36 with a high estimate of $200.00 and a low estimate of $145.00. The average target implies an upside of 9.88% from the current price of $157.77. More detailed estimate data can be found on the MasTec Inc (MTZ) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, MasTec Inc's (MTZ, Financial) average brokerage recommendation is currently 1.9, 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 MasTec Inc (MTZ, Financial) in one year is $129.40, suggesting a downside of 17.98% from the current price of $157.77. 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 MasTec Inc (MTZ) Summary page.
