Truist Financial Forecasts Strong Price Appreciation for MasTec (NYSE:MTZ) Stock

Brokerage firm raises price target on construction company's shares

Published on Mar. 2, 2026

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Truist Financial has increased its price objective on MasTec (NYSE:MTZ) stock from $270.00 to $356.00 and maintained a "buy" rating on the construction company's shares. The new price target represents a potential upside of 19.54% from the company's previous close.

Why it matters

This positive outlook from Truist Financial suggests the investment firm sees significant growth potential for MasTec, a diversified infrastructure construction company that provides services across various end markets including communications, oil and gas, and renewable energy.

The details

In a research report, Truist Financial cited MasTec's strong performance and growth prospects as reasons for the increased price target. The brokerage firm believes the construction company is well-positioned to benefit from ongoing infrastructure development and investment in the United States.

  • Truist Financial issued the updated research report and price target on March 2, 2026.

The players

Truist Financial

A diversified financial services company that provides banking, insurance, and investment services.

MasTec

A diversified infrastructure construction company that provides engineering, fabrication, installation, and maintenance services across various end markets.

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The takeaway

This positive outlook from a major financial institution suggests that MasTec's diversified infrastructure services and growth prospects are attracting increased investor interest and confidence in the company's future performance.