MasTec Shares Soar 2.63% on Positive Analyst Ratings, Earnings

MasTec(MTZ) shares surged 2.63% today, marking the ninth consecutive day of gains, with a cumulative increase of 23.11% over the past nine days. The stock price reached its highest level since January 2025, with an intraday gain of 4.12%.

The strategy of buying MTZ shares after they reached a recent high and holding for 1 week resulted in moderate returns over the past 5 years. The 5-year total return for MTZ was 151.24%, which is significant and indicates that this strategy gained substantial value from MTZ's growth. However, the 120.94% return over the past 12 months suggests that the stock's performance can be volatile in the short term.

Conclusion: While the strategy showed strong long-term gains, it may not have captured the full potential of MTZ's impressive 35% year-over-year revenue increase and 82% adjusted EBITDA growth in its communications segment, as reported in Q1 2025. The 60% year-over-year increase in non-pipeline EBITDA and the significant rise in backlog also suggest that MTZ is on a strong growth trajectory. Therefore, considering the company's recent performance and market analyst's positive outlook, it might be beneficial to hold the stock for a longer period or until further price targets are achieved.

Truist Securities recently reaffirmed a Buy rating for MasTec stock, setting a price target of $184. This positive analyst rating could potentially influence investor sentiment and stock price.

MasTec received a Zen Rating of B, indicating a strong buy recommendation from top-rated analysts. Stocks with this rating have historically provided an average annual return of 19.88%.

Consensus EPS estimates for MasTec have increased by 10%, and the price target has been raised by 7.4% to $171. Additionally, MasTec's first-quarter 2025 earnings and revenues exceeded analyst expectations, which could positively impact the stock price.