Bernstein Upgrades Quanta Services to Outperform with $775 Target

Key Facts

1Bernstein upgraded Quanta Services from Market Perform to Outperform, raising the price target to $775 from $748.

2The company reported strong Q2 2026 revenue of $9.56 billion, representing a 41.10% year-over-year increase.

Bernstein upgraded Quanta Services from Market Perform to Outperform and raised its price target to $775 from $748. AD HOC NEWS reported that the upgrade is driven by the company's superior ability to scale craft labor for data center construction, with Bernstein forecasting a 25% compound annual growth rate for earnings per share.

The company reported strong Q2 2026 revenue of $9.56 billion, a 41.10% increase year-over-year. PWR closed at $662.60 on October 1, 2026, supported by a total backlog of $53.4 billion which provides a significant measure of future operating capacity alongside its updated revenue guidance.