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PRIM

Primoris Services (PRIM) Stock Forecast & Price Target

Primoris Services (PRIM) Analyst Ratings

Based on 13 analyst ratings
Buy
Strong Buy 38%
Buy 31%
Hold 31%
Sell 0%
Strong Sell 0%

Bulls say

Primoris Services is attractive because its backlog has reached record levels, including $13.86B in the second quarter of 2026, while recent repurchases of about $100M in 3Q and roughly 2.5% of shares outstanding signal management confidence and capital discipline. Its outlook is further strengthened by a growing, lower-risk natural-gas generation franchise, with management citing $800M-$900M of incremental gas work in 2H26 and revenue expected to rise from $500M-$600M in 2026 to $800M-$1B in 2027 as projects convert from reimbursable to guaranteed maximum price structures. Although renewables caused temporary margin pressure, the mix shift toward Energy ex-renewables, Utilities growth, and a path back to historical 10%-12% Energy gross margins in 2027 support a strong fundamental recovery.

Bears say

Primoris Services is viewed negatively because its earnings are highly exposed to project timing, renewables mix, and execution risk, with tariffs, permitting, weather, labor shortages, and supply chain disruptions capable of shifting revenue between quarters. The company’s renewables business is under pressure from six underbid solar projects that caused an estimated $192M of cost overruns and helped drive 2026 adjusted EBITDA margin to 3.8%, while renewables revenue is expected to fall to about $2.0B from $3.0B in 2025 and implied share to drop to 5.9% from 9.4%. Its backlog offers only limited cushion, with just 0.74x of revenue already in 12-month backlog and a heavy reliance on riskier fixed-price Energy work, weak cash conversion, and $8.7B of bonds outstanding constraining future bidding flexibility.

Primoris Services (PRIM) has been analyzed by 13 analysts, with a consensus rating of Buy. 38% of analysts recommend a Strong Buy, 31% recommend Buy, 31% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

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

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FAQs About Primoris Services (PRIM) Forecast

Analysts have given Primoris Services (PRIM) a Buy based on their latest research and market trends.

According to 13 analysts, Primoris Services (PRIM) has a Buy consensus rating as of Oct 9, 2026. 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 $123.38, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $123.38, 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.

Primoris Services (PRIM)


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