Sterling Infrastructure

STRL · NASDAQ

$412.25−$11.23 (−2.65%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $423.48

STRL analyst rating

BuyConsensus of 6 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy6
Hold0
Underperform0
Sell0

12-month price target · 11 analysts

Average $869.18 (+110.8% upside)

Low: $707.00
Now: $412.25
High: $1,065.75

Upgrades and downgrades

The latest rating actions, newest first

STRL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keybanc	Oct 15, 2026	Maintains	Overweight	$754.00 → $755.00	47%
Cantor Fitzgerald	Oct 14, 2026	Maintains	Overweight	$742.00	12%
Stifel	Oct 8, 2026	Maintains	Buy	$804.00 → $742.00	67%
Cantor Fitzgerald	Sep 30, 2026	Maintains	Overweight	$742.00	12%
DA Davidson	Aug 21, 2026	Initiates	Buy	$700.00	40%
Keybanc	Aug 5, 2026	Maintains	Overweight	$922.00 → $754.00	47%
Cantor Fitzgerald	Aug 5, 2026	Maintains	Overweight	$956.00 → $742.00	12%
Keybanc	Jun 2, 2026	Maintains	Overweight	$889.00 → $922.00	47%
Oppenheimer	May 28, 2026	Initiates	Outperform	$950.00	61%
Cantor Fitzgerald	May 11, 2026	Maintains	Overweight	$482.00 → $956.00	12%

The case for and against

Updated Oct 14, 2026

Bull case

Sterling Infrastructure is viewed positively because its E-Infrastructure segment is benefiting from surging mission-critical demand, with data centers as the near-term growth engine and semiconductors and pharma adding longer-dated upside later in the decade. The fundamental debate has shifted from demand to capacity, and management is prioritizing labor, equipment, geographic expansion, modular construction, and selective M&A to convert a backlog where mission-critical work accounts for 84% of E-Infrastructure backlog and data centers may represent roughly 40%-50% of E-Infrastructure revenue. Margin expansion is also credible, as legacy site-development margins are improving, CEC is expected to move up the margin curve, and the company’s net cash balance sheet and disciplined capital allocation support continued earnings growth.

Bear case

Sterling Infrastructure is facing a negative outlook because its strongest growth engine, E-Infrastructure, is under near-term margin pressure from a lower-margin mix, especially Petillo and Micron, while the 2Q adj. operating margin contracted 420 bps y/y despite ongoing demand. Its backlog and revenue visibility also look less secure than headline growth suggests, since projects are increasingly phased, a sequential 3Q moderation in backlog was flagged, and forecast NTM sales of $3.5B are only 108% of 2Q segment backlog. Beyond that, the company is exposed to execution and integration risk at CEC, customer capex pauses in data centers and manufacturing, and cyclical weakness in Building Solutions as single-family housing starts in TX and AZ remain below 2020-2021 levels.

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.