Jefferies Boosts Quanta Services Price Target to $654

Analysts see continued upside for the construction and infrastructure services company.

Apr. 2, 2026 at 1:43pm

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Jefferies Financial Group analysts have raised their price target on Quanta Services (NYSE: PWR) from $634 to $654, maintaining a 'buy' rating on the stock. The new target price represents a potential upside of 18.02% from the company's previous closing price. Quanta Services is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline, energy, and communications markets.

Why it matters

The increased price target from Jefferies reflects analysts' continued optimism about Quanta Services' growth prospects, driven by strong demand for the company's services in areas like grid modernization, renewable energy integration, and communications network buildout. As a major player in critical infrastructure projects, Quanta's performance is seen as an indicator of broader trends in the construction and energy sectors.

The details

In their research note, Jefferies cited Quanta Services' robust backlog, which reached a record $44 billion, as well as the company's strong 2025 revenue guidance of $28.5 billion. Analysts believe Quanta is well-positioned to benefit from growing demand for data centers and AI-driven power infrastructure. Other analysts have also recently raised their price targets for Quanta, with Argus increasing its target to $650 and Truist Financial lifting its target to $643.

  • Jefferies Financial Group issued the updated price target on April 2, 2026.

The players

Quanta Services

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

Jefferies Financial Group

A global investment banking firm that provides research coverage and analysis on Quanta Services.

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The takeaway

Quanta Services' strong backlog, revenue guidance, and positioning in high-growth infrastructure sectors like renewable energy and data centers continue to drive analyst optimism about the company's long-term prospects. The Jefferies price target increase adds to a broader trend of Wall Street firms seeing further upside in Quanta's stock.