MasTec Shares Soar 13.57% in Four Days, Analysts Bullish

MasTec (MTZ) shares surged 0.72% today, marking the fourth consecutive day of gains, with a cumulative increase of 13.57% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 1.65%.

Over the past five years, the strategy of buying MTZ shares after they reached a high and holding for one week yielded a 5.84% return, underperforming the benchmark by 33.45%. The strategy's Sharpe ratio was 0.58, with a maximum drawdown of -6.06% and a volatility of 4.32%, indicating a challenging risk-return profile.

Analysts have been bullish on MasTec, reiterating and raising their "Buy" ratings and price targets. Guggenheim analyst Joseph Osha set a price target of $195.00, while Piper Sandler analyst Kashy Harrison increased the price target to $175.00. Citigroup analyst Andrew Kaplowitz maintained a "Buy" rating, and KeyBanc analyst Sangita Jain raised the price target to $163.00, citing strong execution and positive momentum in the Communications and Pipeline Infrastructure segments. Stifel analysts also raised their price target to $171.00.

The positive momentum in MasTec’s most profitable segments, Communications and Pipeline Infrastructure, has been a key driver of the stock's recent performance. The company's strong Q1 performance and raised guidance have further bolstered investor confidence. Analysts' optimistic outlook is supported by the consistent positive ratings and increased price targets, reflecting their confidence in MasTec's market performance and growth potential.