The fair value estimate for Cardinal Infrastructure Group has fallen from US$59.00 to about US$54.25 after analysts revised their margin assumptions following second quarter results. Oppenheimer kept an Outperform rating but cut its price target to US$70 from US$80, citing revised margin assumptions and sector multiple compression, while Stifel maintained a Buy rating and lowered its price target to US$52 from US$63 after Q2 adjusted EBITDA came in below expectations on higher subcontractor costs, underutilized crew capacity in Charlotte and weather issues in Atlanta. Truist initiated coverage with a Buy rating and a US$40 price target, pointing to a consolidation approach across early stage construction services. In the updated model, revenue growth is now put at about 35.28% versus about 33.98% previously, the net profit margin assumption moved from about 16.41% to about 15.94%, the future P/E multiple slipped from about 7.34x to about 6.77x, and the discount rate rose from 9.14% to about 9.26%. The company reported record Q2 2026 revenue of US$227 million and a US$866 million backlog.
Oppenheimer Holdings Inc
Stifel Financial Corporation
Truist Financial CorpCardinal Infrastructure Group Inc. Class A Common StockAnalysts cut Cardinal's fair value and price targets after Q2 adjusted EBITDA missed on higher subcontractor costs and margin assumptions were trimmed.
Bank of Chongqing Co Ltd