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MTZ

MasTec Inc

NYSE: MTZ · INDUSTRIALS · ENGINEERING & CONSTRUCTION

$394.05
+6.34% today

Updated 2026-04-30

Market cap
$29.21B
P/E ratio
72.94
P/S ratio
2.04x
EPS (TTM)
$5.08
Dividend yield
—
52W range
$137 – $389
Volume
1.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

MasTec Inc (MTZ) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$394.05
Consensus
$297.59
-24.48%
2030 Target
$4,068.63
+932.52%
DCF
$176.42
-50.20% MoS
17 analysts:
8 Buy1 Hold1 Sell

Management guidance

MasTec provided 2026 initial guidance of $17.0B revenue and $8.40 adjusted diluted EPS. Management has signaled strong growth momentum driven by record $19.0B backlog, with significant contributions expected from AI data center infrastructure, 5G/communications buildout, and clean energy transition projects through 2027.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$6,792.25
$26.9B Rev × 20x P/S
Base case (2030)
$4,068.63
$26.9B Rev × 12x P/S
Bear case (2030)
$2,723.63
$26.9B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$12.0B$12.3B$14.3B$17.2B$18.9B$21.4B$24.1B$26.9B
Revenue growth—2.6%16.2%20.4%10.0%12.7%12.8%11.4%
EPS$1.96$3.90$6.55$8.45$10.18$11.85$13.62$15.25
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$2,622.75$2,891.75$3,261.62$3,665.13$4,068.63

Catalysts & risks

Growth catalysts
+ Record $19.0B backlog conversion to revenue (3.7x annual revenue multiple indicates 2-3 year visibility)
+ AI data center infrastructure buildout acceleration - major customer commitments in energy and compute infrastructure
+ 5G/broadband expansion - Communications segment +23% YoY in Q4 2025 with $5.5B backlog
+ Clean energy transition and grid modernization - federal infrastructure policy tailwinds
+ Strategic M&A integration (Sterling acquisition expanding power/communications capabilities)
+ Margin expansion potential as operational leverage increases and project mix improves
Key risks
- Margin compression risk - profit margin currently 2.8%, below historical averages, from new program start-up costs and competitive pricing
- Labor shortage and wage inflation in construction sector pressuring execution
- Project execution delays and schedule slippage on large, complex infrastructure projects
- Cyclical exposure to infrastructure spending cycles and policy changes
- High valuation - trading at 66.3x P/E vs. industry average, leaves limited margin for error
- Backlog does not guarantee profitability - converting $19B backlog requires flawless execution

Methodology

MasTec Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.