MasTec closed at $384.72, gaining 7.3% over the past four weeks, and Wall Street analysts' mean price target of $488.30 suggests a potential upside of 26.92%. The average is based on 20 short-term price targets with a standard deviation of $47.04, ranging from a low of $340.00 to a high of $550.00. Analysts have also been raising earnings estimates, with the Zacks Consensus Estimate for the current year increasing 1.4% over the past month as two estimates moved higher and none lower. The stock holds a Zacks Rank #2, or Buy, placing it in the top 20% of ranked stocks, which historically correlates with near-term upside.
MasTec IncWall Street analysts' mean price target implies 26.92% upside, and earnings estimates are being raised.