Goldman Sachs Raises Quanta Services Price Target by 38%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Source: CNBC
- Price Target Increase: Goldman Sachs raised its price target for Quanta Services from $495 to $685, anticipating a nearly 25% rise in share price, reflecting strong market confidence in the company's robust performance.
- Earnings Beat: Quanta Services exceeded expectations in its fourth-quarter earnings and revenue, projecting 2026 EBITDA between $3.34 billion and $3.5 billion, significantly above the consensus estimate of $3.19 billion, indicating strong growth potential.
- Strategic Growth: Goldman analyst highlighted that Quanta Services is developing gas power generation facilities through a joint venture with Zachry Group, which will provide new growth avenues and strengthen its position in the energy infrastructure sector.
- Profitability Outlook: While Goldman believes there may be some room for margin improvement in the future, analysts emphasize that margins are not expected to increase significantly due to price hikes, but rather depend on enhanced labor efficiencies and new operational methods.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 862.580
Low
604.00
Averages
951.45
High
1100
Current: 862.580
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Competitive Advantage: Despite Ross Stores' better-than-expected quarterly results, TJX's scale and negotiating power provide a clear advantage in inventory acquisition, with the CEO indicating a slowdown in purchasing to manage market supply, reflecting confidence in future growth.
- Valuation Debate: TJX's price-to-earnings ratio stands at about 31 times, significantly higher than the S&P 500's 21 times; however, analysts argue that its consistency and best-in-class status justify this premium valuation, further solidifying investor confidence.
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