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MYRG
Volume: 25.24K
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MYR Group (MYRG) Stock Forecast & Price Target

MYR Group (MYRG) Analyst Ratings

Based on 15 analyst ratings
Buy
Strong Buy 27%
Buy 20%
Hold 53%
Sell 0%
Strong Sell 0%

Bulls say

MYR Group Inc. is positioned for positive financial performance due to robust backlog strength in its commercial and industrial segment, which is expected to yield growth in the second half of 2024, thereby contributing to improved margins. The transmission and distribution segment is anticipated to experience steady growth, driven by investments in grid modernization and renewable energy adoption, supporting long-term revenue stability. Furthermore, a favorable environment for cost-competitive renewables is bolstered by significant fiscal stimulus from the Inflation Reduction Act, reinforcing the company's growth trajectory and margin improvements into 2025.

Bears say

MYR Group Inc experienced earnings per share (EPS) of $1.43, which fell short of expectations, primarily due to challenges arising from new solar projects in the Transmission and Distribution (T&D) segment and a new difficult project in the Commercial and Industrial (C&I) segment. The company is anticipating that the margins for these challenged projects will remain low throughout the second half of 2024, despite normalized margins being reported in other areas. Additionally, a variety of risks, including potential changes in utility spending, market conditions, regulatory environments, project delays, supply chain disruptions, and execution challenges, raise significant concerns about the stability and growth prospects of MYR Group's financial outlook.

MYR Group (MYRG) has been analyzed by 15 analysts, with a consensus rating of Buy. 27% of analysts recommend a Strong Buy, 20% recommend Buy, 53% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of MYR Group and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About MYR Group (MYRG) Forecast

Analysts have given MYR Group (MYRG) a Buy based on their latest research and market trends.

According to 15 analysts, MYR Group (MYRG) has a Buy consensus rating as of Jun 16, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $81.27, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $81.27, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

MYR Group (MYRG)

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