MasTec: Superior Adds Another Growth Engine As Earnings Accelerate

The Curious Analyst 5.28K Followers Follow Summary I'm reiterating MasTec as a Strong Buy with a new $337 price target, implying 37% upside. MTZ's backlog reached a record $21.4 billion, and management now guides for $9.30 adjusted EPS in 2026, up 42% y/y. Q2 2026 results showed 23% revenue growth, 40% adjusted EBITDA growth, and 100 bps margin expansion to 8.8%. Communications is weaker than I originally expected, but the softness looks manageable given the strength elsewhere and the possibility of improving fiber and hyperscaler activity in 2027. With management guiding for $9.30 of adjusted EPS in 2026 and consensus expecting $12.49 in 2027, I believe a 27x multiple is reasonable and supports my $337 price target and Strong Buy rating. Justin Paget/DigitalVision via Getty Images Investment Thesis I am reiterating my Strong Buy rating on MasTec, Inc. ( MTZ ) after the company's Q2 2026 earnings results. I would also like to introduce a $337 price target. Based on the current This article was written by The Curious Analyst 5.28K Followers Follow My background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data driven models and fundamental research. My approach is centered on a structured process that combines top-down screening with bottom-up company specific analysis .I write on to share ideas with a wider audience and also learn more about companies and other analysts. My goal is to make unique ideas & research accessible to retail and professional investors alike, while maintaining analytical depth and a clear investment thesis.Associated with another author Kennedy Njagi Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MTZ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.