KeyBanc Boosts MasTec (MTZ) Price Target Amid Promising Growth Outlook

KeyBanc analyst Sangita Jain increased MasTec's price target from $196 to $205, maintaining an Overweight rating. Despite promising growth indicators, the stock has lagged due to a 0.9-times book-to-bill ratio and low margins in the Pipelines segment. However, the firm believes these issues are timing-related and that management is expanding the workforce to drive future growth.

Analysts have continued to express optimism about MasTec's (MTZ, Financial) prospects, with several firms raising their price targets and maintaining buy ratings. KeyBanc analyst Sangita Jain recently increased MasTec's price target from $196 to $205, maintaining an Overweight rating [3]. This follows a series of upward revisions by other analysts, including Stifel and Jefferies, who have raised their targets to $198 and $218, respectively [1][2].

MasTec, a leading infrastructure construction company, reported strong second-quarter results, with earnings per share (EPS) of $1.49 surpassing expectations and revenue reaching $3.54 billion [3]. The company's robust performance has been driven by growth across its telecommunications, power delivery, and pipeline infrastructure segments. Despite these positive indicators, MasTec's stock has lagged due to a 0.9-times book-to-bill ratio and low margins in the Pipelines segment [3].

KeyBanc's Sangita Jain attributes the stock's underperformance to timing-related issues and expects management's expansion of the workforce to drive future growth [3]. The firm's bullish outlook is reflected in the average target price of $194.79 among 16 analysts, implying an upside of 9.95% from the current price of $177.17 [1]. Additionally, the consensus recommendation from 18 brokerage firms is currently "Outperform," indicating strong market sentiment [1].

MasTec's strong financial performance and positive analyst revisions suggest that the company is well-positioned to capitalize on growth opportunities in the infrastructure sector. However, investors should remain vigilant to potential risks, such as renewable energy legislation, market volatility, and supply chain disruptions [3].

References:

[1] https://www.gurufocus.com/news/3032171/mastec-mtz-stifel-raises-price-target-to-198-maintains-buy-rating-mtz-stock-news
[2] https://www.investing.com/news/analyst-ratings/mastec-stock-price-target-raised-to-218-from-213-at-jefferies-93CH-4172495
[3] https://www.investing.com/news/transcripts/earnings-call-transcript-mastec-q2-2025-beats-forecasts-stock-dips-93CH-4166255