
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group is experiencing a significant positive momentum, reflected in an approximate 85% increase in shares since the upgrade to an Overweight rating in March. The company is positioned in a favorable multiyear growth uptrend within its end markets, particularly due to expected large transmission and distribution (T&D) opportunities on the horizon. Furthermore, MYR Group has effectively addressed previous project execution challenges, realigning its business strategies to focus on core growth and margin objectives, which enhances its financial stability and outlook.
Bears say
MYR Group Inc faces several risks that contribute to a negative outlook for its stock, including an unfavorable regulatory environment and permitting challenges that may hinder growth. Additionally, the company anticipates decreased margins in both its Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments for 2025, with revised estimates of 8.2% and 5%, respectively. Supply chain challenges and weather-related execution issues further complicate the company's operational execution and profitability, impacting overall financial performance.
This aggregate rating is based on analysts' research of MYR Group and is not a guaranteed prediction by Public.com or investment advice.
MYR Group (MYRG) Analyst Forecast & Price Prediction
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