Goldman cuts target for Quanta Services stock to USD 781.00
Published on 10/27/2026 at 17:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target reset
- Goldman Sachs cut its Quanta Services target from USD 902.00 to USD 781.00 on October 22, 2026.
- Second-quarter revenue reached USD 9.56 billion, up 41.10 percent year over year.
- Quanta Services stock costs EUR 518.40 at Lang & Schwarz on October 27, 2026 at 5:42 p.m. CEST, 0.12 percent below the Xetra close of October 27, 2026.
- Third-quarter results are scheduled for October 29, 2026, before the US market opens.
Quanta Services (ISIN US74762E1029) stock costs EUR 518.40 at Lang & Schwarz on October 27, 2026 at 5:42 p.m. CEST, 0.12 percent below the Xetra close of October 27, 2026 at EUR 519.00. MarketScreener reported that Goldman Sachs cut its target from USD 902.00 to USD 781.00 on October 22, 2026. The revised target remains 35.21 percent above the USD 577.61 NYSE price at 12:42 p.m. EDT on October 27, 2026.
Revenue sets the earnings baseline
Quanta Services reported USD 9.56 billion in second-quarter revenue, up 41.10 percent from the prior-year quarter. MarketBeat said quarterly earnings per share were USD 4.24, compared with a USD 3.31 consensus estimate, while revenue exceeded the USD 8.61 billion estimate. The figures give the October 29 report a high comparison hurdle.
What does the target reset mean?
The Goldman Sachs target is USD 781.00, while the NYSE price was USD 577.61 at 12:42 p.m. EDT on October 27, 2026. That 35.21 percent gap is the key valuation reference, but the target cut from USD 902.00 reduces the broker's stated upside by USD 121.00. Quanta Services had a market capitalization of USD 86.8 billion on October 27, 2026, and its price-to-earnings ratio was 66.18.
Results date frames the next move
Quanta Services announced on October 13, 2026 that it will publish third-quarter results before the market opens on October 29, 2026, followed by a 9:00 a.m. EDT webcast. The company reported USD 1.10 billion in second-quarter operating cash flow, adding a cash-generation measure to the revenue comparison.
Price and valuation in context
Quanta Services traded within a USD 408.36 to USD 788.75 52-week range as of October 27, 2026. The USD 577.61 NYSE price was 26.78 percent below the high and 41.44 percent above the low. The stock's 66.18 price-to-earnings ratio and the lower Goldman Sachs target put the coming report's margin and outlook commentary alongside the revenue beat.
At Lang & Schwarz, Quanta Services was trading at EUR 518.40 on October 27, 2026 at 5:42 p.m. CEST, 0.12 percent below the Xetra close of October 27, 2026 at EUR 519.00. The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.
Quanta Services stock facts
- Company: Quanta Services, Inc.
- ISIN: US74762E1029
- Ticker: PWR
- Primary exchange: NYSE
- Price Lang & Schwarz: EUR 518.40 as of October 27, 2026 at 5:42 p.m. CEST
- Change versus Xetra close: minus 0.12 percent
- Xetra close: EUR 519.00 on October 27, 2026
- Market capitalization: USD 86.8 billion as of October 27, 2026
- 52-week range: USD 408.36-788.75 as of October 27, 2026
- Sector / Industry: Industrials / Engineering and Construction
- Index membership: S&P 500
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
