
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc has demonstrated an impressive ~85% increase in its shares since its upgrade to Overweight on March 13, reflecting strong market performance and investor confidence. The company's end markets are experiencing a multiyear growth uptrend, with anticipated increased opportunities in the transmission and distribution (T&D) sector, positioning it favorably for future expansion. Additionally, MYR Group has effectively addressed past project execution challenges and realigned its business strategy to focus on core growth and margin objectives, enhancing its overall operational efficiency.
Bears say
MYR Group Inc faces several risks that contribute to a negative outlook on its stock, including an unfavorable regulatory environment and permitting challenges that could hamper growth. The company has lowered its expectations for Transmission and Distribution (T&D) margins, projecting a decrease from 8.6% to 8.2% for 2025, while also adjusting its Commercial and Industrial (C&I) margin forecast down from 5.1% to 5%. Additionally, concerns regarding weather-related disruptions, execution issues, and a challenging supply chain may adversely affect operational efficiency and margin potential.
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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