Truist Securities Raises PWR Price Target to $960
Key Points
- Truist Securities maintained a 'Buy' rating on Quanta Services while raising the price target to $960, up from $945.
- Truist Securities's $960 price target implies 65.83% upside from Quanta Services, Inc.'s ($PWR) current $578.91 share price.
- As of October 27, 2026, Quanta Services traded recently at $579.25, which is about 39.7% below the new analyst target.
- The stock has a P/E ratio of 64.6 and is expected to report earnings on October 29, 2026.
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On October 27, 2026, Truist Securities raised its price target on Quanta Services, Inc. (PWR) to $960 from $945. This update came in a research note issued on the same day, reflecting Truist's ongoing confidence in the company's prospects.
Truist's updated target suggests a bullish outlook for Quanta Services, which provides infrastructure solutions across various industries, including electric and gas utilities. The stock has been trading at about $579.25 recently, which is significantly below the new price target, indicating potential for growth.
PWR
Quanta Services, Inc.
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Other Institutional Activity in Quanta Services
Cushing Asset Management trimmed its position in Quanta Services by 2,550 shares on October 26, 2026. This brought its total holdings down to 41,250 shares valued at approximately $26.5 million. Peconic Partners also reduced its stake by 286,947 shares, leaving it with 4,720,847 shares worth about $2.66 billion.
Quanta Services, Inc. Stock Up 5.9%
As of October 27, 2026, Quanta Services closed at $579.22, which is about 39.7% below Truist's new price target of $960. The stock is currently trading below its 50-day moving average by 9.4% and is also 26.6% off its 52-week high of $788.75. However, it remains 41.8% above its 52-week low of $408.36.
$PWR price target
Quanta Services, Inc. daily closes and this analyst's $960 target. Not advice.
Recent Earnings
Quanta Services reported trailing twelve-month revenue of approximately $32.9 billion and an EPS of $8.73. The company experienced a year-over-year revenue growth of 41.1%. Its next earnings report is scheduled for October 29, 2026.
Insider Buying and Selling at Quanta Services, Inc.
A few insiders sold shares recently. Gerald A. Ducey Jr., an officer, sold 7,653 shares on November 6, 2025, at an average price of $446.08, totaling about $3.41 million. Donald Charles Wayne, the General Counsel, also sold 14,000 shares on the same day, valued at approximately $6.21 million.
Analysts Set New Price Targets
On October 27, 2026, Truist Securities maintained its 'Buy' rating on Quanta Services while raising the price target to $960, up from $945. This follows other recent analyst actions, including Piper Sandler initiating coverage with an 'Overweight' rating and a target of $731 on September 9, 2026.
About Quanta Services
Quanta Services, Inc. is a leading provider of infrastructure solutions for the utility, power generation, and pipeline industries. The company is based in Houston, Texas, and has about 69,500 employees. Quanta's services are essential for modern energy and communication infrastructures, making it a key player in the industrial sector.
Bottom Line
Investors should keep an eye on Quanta Services as it approaches its next earnings date on October 29, 2026. The raised price target from Truist Securities signals continued optimism about the company's growth potential, especially as it trades significantly below the target price.
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Source: Truist Securities's rating change on $PWR (Oct 27, 2026). Written by software, not financial advice. How we make alerts