Goldman Sachs Raises Quanta Services' Price Target to $414, Maintains Buy Rating

Goldman Sachs has raised its price target for Quanta Services (PWR) to $414, maintaining a "Buy" rating. The firm cites a positive outlook on the company, driven by significant expenditures in transmission and distribution, and highlights that less than 10% of Quanta Services' revenue is derived from data centers. Analysts predict an average target price of $350.60, with a high estimate of $390 and a low estimate of $203.43.