MasTec Shares Soar 14.11% in Five Days on Strong Earnings

MasTec (MTZ) shares surged 0.48% today, marking the fifth consecutive day of gains, with a 14.11% increase over the past five days. The stock price reached its highest level since February 2025, with an intraday gain of 1.45%.

The strategy of buying MTZ shares after they reach a high and holding for one week resulted in a 5.84% return over the past five years, compared to a benchmark return of 41.68%. The strategy had a Sharpe ratio of 0.58, a maximum drawdown of -6.06%, and a volatility of 4.29%. It effectively managed risk but provided conservative returns, making it suitable for investors seeking stability.

Several analysts have recently raised their price targets for MasTec, indicating a bullish market sentiment. Citigroup increased its price target from $152.00 to $170.00, while Piper Sandler raised its target from $134.00 to $175.00, both assigning a "buy" or "overweight" rating to the stock. Additionally, Guggenheim set a high price target of $195.00, further bolstering investor confidence.

MasTec's strong financial performance has been a key driver of its stock price. The company reported better-than-expected earnings and revenue for the recent quarter, with earnings per share (EPS) of $0.51 surpassing the consensus estimate of $0.34. The company's revenue of $2.85 billion also exceeded analyst expectations of $2.71 billion, demonstrating robust financial health.

The company's positive revenue guidance for the next quarter has also contributed to the optimistic outlook. MasTec's revenue guidance for the next quarter is reported to be $3.4 billion at the midpoint, which is 4.4% higher than analysts' expectations. This guidance has further fueled investor enthusiasm and contributed to the anticipated rise in MasTec's stock price.