On July 3, 2025, Janney Montgomery Scott, a reputable financial analyst firm, announced that it has initiated coverage on Primoris Services (PRIM, Financial) with a "Buy" rating. The firm has set a price target of $102.00 for the stock, indicating confidence in the company's future performance.
The coverage initiation by Sean Milligan, an analyst at Janney Montgomery Scott, did not include any prior ratings or price targets, making this announcement particularly noteworthy for investors keeping an eye on Primoris Services (PRIM, Financial). This move suggests a strong potential for growth as perceived by the analyst firm.
Primoris Services (PRIM, Financial) operates in the engineering and infrastructure sector, and Janney Montgomery Scott's positive outlook reflects faith in the company's ability to capitalize on its industry strengths.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Primoris Services Corp (PRIM, Financial) is $90.00 with a high estimate of $110.00 and a low estimate of $67.00. The average target implies an upside of 9.76% from the current price of $82.00. More detailed estimate data can be found on the Primoris Services Corp (PRIM) Forecast page.
Based on the consensus recommendation from 10 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 $44.55, suggesting a downside of 45.67% from the current price of $82. 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.
