
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group has experienced significant stock appreciation of approximately 85% since being upgraded to Overweight on March 13, reflecting strong investor sentiment. The company's end markets are benefiting from a multiyear growth uptrend, with upcoming large transmission and distribution opportunities expected to bolster revenue. Additionally, MYR Group has successfully overcome previous project execution challenges and has realigned its business strategy to focus on core growth and margin objectives, positioning it for sustained financial performance.
Bears say
MYR Group Inc faces significant risks that could hinder its growth trajectory, particularly from an unfavorable regulatory environment and permitting challenges that are likely to decelerate expansion efforts. Furthermore, the company's financial outlook has been negatively impacted, with lowered margin assumptions for both the Transmission and Distribution (T&D) segment and the Commercial and Industrial (C&I) segment, which anticipate margins decreasing to 8.2% and 5% respectively by 2025. Additionally, challenges such as weather-related issues and supply chain constraints may further compromise work sequencing and overall profitability.
This aggregate rating is based on analysts' research of MYR Group and is not a guaranteed prediction by Public.com or investment advice.
MYR Group (MYRG) Analyst Forecast & Price Prediction
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