Bank of America Raises Quanta Services Price Target to $610

Analysts see continued growth potential for the infrastructure services company

Feb. 22, 2026 at 3:20pm

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Quanta Services (NYSE:PWR), a leading specialty contractor for electric power, pipeline, and communications infrastructure, had its price target raised from $500 to $610 by Bank of America. This represents a nearly 22% increase and reflects analysts' optimism about the company's growth prospects.

Why it matters

Quanta Services is a key player in the modernization and expansion of critical energy and communications networks across North America. As infrastructure investment continues, the company is well-positioned to benefit from increased demand for its services.

The details

Bank of America maintained its 'buy' rating on Quanta Services' stock and raised the price target from $500 to $610. Several other research firms have also increased their price targets for the company, with Truist Financial setting a new target of $643 and DA Davidson boosting its target to $575. Analysts cite Quanta's strong performance, growing backlog of projects, and leadership position in the infrastructure services market as reasons for their optimism.

  • Quanta Services reported its latest quarterly earnings on February 19, 2026.

The players

Quanta Services

A leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets.

Bank of America

A major American multinational investment bank and financial services company that has raised its price target for Quanta Services.

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What’s next

Quanta Services will continue to report on its financial performance and progress on key infrastructure projects throughout 2026.

The takeaway

Quanta Services' strong position in the infrastructure services market, combined with continued investment in energy and communications networks, is driving optimism among analysts about the company's growth potential in the coming years.