Primoris Services: Guggenheim maintains a 'Buy' Rating, The Target Price is $130

Guggenheim maintains 'Buy' rating on Primoris Services(PRIM).

The target price is $130, compare with $110 previously.

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-08-19	Guggenheim	Maintains	Buy	Buy	$130	$110
2025-08-06	DA Davidson	Maintains	Buy	Buy	$125	$85
2025-08-06	Keybanc	Maintains	Overweight	Overweight	$119	$98
2025-08-05	UBS	Maintains	Buy	Buy	$110	$100
2025-07-22	JP Morgan	Maintains	Overweight	Overweight	$102	$90

[Recent Earning Results] Primoris Services posted the Q2 of its 2025 financial results on 8/5/2025, reporting total revenue of USD 3538.86 million in the first half of the year, up 18.90% from USD 2976.42 million year over year, reporting net income of USD 128.56 million in the first half of the year, up 87.71% from USD 68.49 million year over year.

[Company Profile] Primoris Services Corporation or its predecessor companies have been in business since 1946, and the Company has been incorporated in Delaware since 2006. Since the company's inception, it has actively pursued a diversification and expansion strategy. For most of the company's history, a substantial portion of its activities were performed in the western United States, primarily in California. Organization and operations —Primoris Services Corporation is a holding company of various subsidiaries, which collectively are engaged in various construction and product engineering activities. The Company's underground and directional drilling operations install, replace and repair natural gas, petroleum, telecommunications and water pipeline systems, including large diameter pipeline systems. The Company's industrial, civil and engineering operations build and provide maintenance services to industrial facilities including power plants, petrochemical facilities, and other processing plants; construct multi-level parking structures; and engage in the construction of highways, bridges and other environmental construction activities. The wholly-owned subsidiaries of Primoris include ARB, Inc. (“ARB”), ARB Structures, Inc., All Day Electric Company, Inc., OnQuest, Inc., Cardinal Contractors, Inc., Stellaris, LLC, James Construction Group LLC (“JCG”), Rockford Corporation (“Rockford”), Primoris Energy Services Corporation (“PES”) and Q3 Contracting, Inc (“Q3C”).