MTZ Is up 150% in a Year, and One Analyst Thinks It Has Another 17% Left to Run

Core Viewpoint - MasTec (MTZ) has seen a remarkable 150% increase in stock price over the past year, with analysts predicting an additional 17% upside potential based on strong revenue guidance and backlog visibility [1] Group 1: Stock Performance - MTZ shares are up nearly 150% over the trailing 12 months and 28% year-to-date, currently trading around $291.25, close to its 52-week high of $310.36 [1] - Jefferies has raised its price target for MTZ to $348 from $271, significantly higher than the consensus target of $332.26, reflecting a "Moderate Buy" rating [1] Group 2: Revenue and Earnings Guidance - Management is guiding for $17 billion in revenue for 2026, representing a 19% growth, with adjusted EPS projected at $8.40 [1] - The company has a record backlog of $18.96 billion, providing strong credibility to its revenue guidance [1] Group 3: Key Drivers of Performance - Margin expansion is a key focus, with a midterm goal of achieving double-digit consolidated EBITDA margins [1] - The company has a book-to-bill ratio of 1.6x and a 33% year-over-year backlog growth, indicating multi-year revenue visibility [1] - All business segments contributed to a full-year 2025 revenue of $14.299 billion, which is up 16.22% year-over-year, with notable growth in Pipeline Infrastructure (49.9% in Q4) and Communications (22.6%) [1] Group 4: Future Outlook - To reach the $348 price target, MTZ must deliver on its revenue and EPS guidance, maintain backlog momentum, and demonstrate sustainable margin expansion [1] - Near-term milestones include the restart of the Greenlink transmission project in Q1 2026 and continued success in data center projects [1]