
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc has demonstrated significant stock performance, with shares increasing approximately 85% since the company's upgrade to Overweight on March 13. The market conditions indicate a multiyear growth uptrend in MYR Group's end markets, particularly with anticipated large opportunities in the transmission and distribution segment. Additionally, the company has effectively addressed previous project execution challenges, successfully realigning its business to focus on core growth and margin objectives, further positioning itself favorably for future success.
Bears say
MYR Group Inc faces several significant risks that could negatively impact its growth and profitability, including an unfavorable regulatory environment, permitting challenges, weather-related issues, and supply chain disruptions. The company's expected margins for both the Transmission and Distribution (T&D) segment and the Commercial and Industrial (C&I) segment have been revised downward, with the T&D margins projected to exit 2025 at 8.2% and C&I margins adjusted to 5%. Additionally, the decision to downgrade MYR Group's investment rating reflects the company's strained financial outlook as it approaches its price target.
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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