Sep. 9 at 11:10 AM
$PWR Piper Sandler bullish on Quanta Services, initiates with an Overweight
As previously reported, Piper Sandler initiated coverage of Quanta Services with an Overweight rating and
$731 price target, implying about 17% upside. The firm's FY28 revenue sits 5% above consensus and its 2030 revenue and EBITDA run ahead of the company's own framework, reflecting its conviction that Quanta is structurally positioned to outgrow a capex cycle the market still underestimates. Piper models margin capture following volume, which back-end loads the earnings power relative to the Street.