Aug. 24 at 8:49 PM
DA Davidson initiated coverage of Everus Construction Group with a Buy rating and a
$168 price target, based on 18x estimated 2027 EBITDA. The firm sees significant upside from rising semiconductor project activity with a new customer expected to generate work through 2027, along with continued strength in data center construction.
DA Davidson also expects acquisitions to be accretive and create strategic opportunities as Everus expands its geographic footprint into the active Southeast market and scales its modular capabilities. The analyst believes the company’s current guidance remains conservative, leaving room for further upside.
The bullish outlook follows a strong Q2 2026 report, with revenue reaching
$1.23 billion, significantly above estimates. Everus also raised its full-year outlook, while Freedom Broker upgraded the stock to Buy from Hold following the results.
$ECG