MYR Group

MYRG · NASDAQ

$274.80−$10.14 (−3.56%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $284.94

MYRG analyst rating

BuyConsensus of 7 analysts over the last 12 months. 71% rate it a buy.

Strong buy0
Buy5
Hold2
Underperform0
Sell0

12-month price target · 10 analysts

Average $439.86 (+60.1% upside)

Low: $297.95
Now: $274.80
High: $593.12

Upgrades and downgrades

The latest rating actions, newest first

MYRG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Stifel	Oct 8, 2026	Maintains	Buy	$445.00 → $393.00	67%
Jefferies	Oct 6, 2026	Upgrade	Hold → Buy	$377.00 → $370.00	57%
Goldman Sachs	Aug 13, 2026	Maintains	Neutral	$469.00 → $422.00	65%
Oppenheimer	Jun 11, 2026	Initiates	Perform	—	61%
Cantor Fitzgerald	May 11, 2026	Maintains	Overweight	$311.00 → $564.00	12%
Clear Street	Apr 17, 2026	Maintains	Buy	$310.00 → $350.00	40%
Stifel	Mar 3, 2026	Maintains	Buy	$262.00 → $305.00	67%
Goldman Sachs	Mar 3, 2026	Maintains	Neutral	$248.00 → $296.00	65%
Cantor Fitzgerald	Mar 2, 2026	Maintains	Overweight	$285.00 → $311.00	57%
Stifel	Jan 26, 2026	Maintains	Buy	$237.00 → $262.00	67%

The case for and against

Updated Mar 20, 2026

Bull case

MYR Group Inc has demonstrated a significant positive performance, with shares increasing approximately 85% since an upgrade to Overweight on March 13. The company is positioned to benefit from a multiyear growth uptrend in its end markets, particularly with increasing large transmission and distribution (T&D) opportunities anticipated in the near future. Furthermore, MYRG has reportedly overcome previous project execution challenges, successfully realigning its business strategies towards core growth and margin improvement objectives.

Bear case

MYR Group Inc. faces several risks that could adversely affect its stock performance, including an unfavorable regulatory environment and permitting challenges that may impede growth. Additionally, the company is experiencing issues related to weather and execution, which could negatively impact its margin potential, along with supply chain challenges that disrupt the sequencing of work and margins. Furthermore, revisions to the company's margin assumptions indicate a potential decrease in profitability, with lowered expectations for both the Transmission and Distribution (T&D) segment and the Commercial and Industrial (C&I) segment, signaling concerns about financial stability moving forward.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.