MasTec (MTZ) Is up 150% in a Year, and One Analyst Thinks It Has Another 17% Left to Run

MasTec (NYSE:MTZ) has been 1 of the infrastructure sector's standout performers implicit the past year, with shares up astir 150% implicit the trailing 12 months and 28% year-to-date. The banal sits adjacent its 52-week precocious of $310.36, with shares presently trading astir $291.25. Most analysts transportation a statement people of $332.26, reflecting a "Moderate Buy" rating. But Jefferies has stepped good up of the pack, raising its terms people to $348 from $271 with a Buy rating. The Street mean sits meaningfully beneath that figure. But tin MTZ realistically scope $348 by the extremity of 2026?

READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks

Jefferies' condemnation centers connected cross-segment execution and premier maturation rates comparative to adjacent averages. With absorption guiding for $17 cardinal successful 2026 revenue, representing 19% growth, and adjusted EPS of $8.40, the steadfast sees upward estimation revisions arsenic a durable tailwind. The grounds $18.96 cardinal 18-month backlog gives that guidance antithetic credibility. As CEO Jose Mas enactment it connected the Q4 net call, "I bash not deliberation we person ever been successful a amended presumption going into a twelvemonth based connected gross guidance versus wherever we basal with backlog."

1. All-Segment Execution: Every concern enactment contributed to full-year 2025 gross of $14.299 billion, up 16.22% year-over-year. Pipeline Infrastructure surged 49.9% successful Q4, portion Communications grew 22.6%. MasTec's diversification spans energy, telecom, cleanable energy, and powerfulness transportation crossed each 4 segments.

2. Record Backlog Visibility: The 1.6x book-to-bill ratio and 33% year-over-year backlog maturation supply multi-year gross visibility. Clean Energy backlog unsocial is up 53% year-over-year.

3. Margin Expansion Trajectory: Management is targeting borderline enlargement alongside gross growth, with a midterm extremity of double-digit consolidated EBITDA margins.

At 78.895 cardinal shares outstanding, a $348 terms people represents a important premium to existent trading levels. Getting determination requires MasTec to present connected its $17 cardinal gross and $8.40 adjusted EPS guidance, prolong backlog momentum arsenic infrastructure spending continues, and show that borderline enlargement is durable alternatively than cyclical. The Greenlink transmission task restart successful Q1 2026 and continued information halfway wins are near-term milestones worthy watching closely.