
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc has experienced a significant stock increase of approximately 85% since an upgrade to Overweight on March 13, indicating strong investor confidence and market interest. The company is poised for continued growth, with end markets showing a multiyear upward trend and promising large transmission and distribution opportunities on the horizon. Furthermore, MYR Group has successfully navigated previous project execution challenges, realigning its business strategies to focus on core growth and margin objectives, which enhances its financial outlook.
Bears say
MYR Group Inc. faces multiple risks that could significantly hinder its growth prospects, including an unfavorable regulatory environment and permitting challenges that may slow project timelines. Additionally, the company anticipates margin pressures stemming from weather-related issues and execution challenges, as well as ongoing difficulties in supply chain management that could impact work sequencing and profitability. This negative outlook is further underscored by a revised forecast, which lowers the T&D margin assumption for the second half of the year and adjusts the 2025 estimates for both T&D and C&I margins, indicating a potential decline in profitability.
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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