DY trades 32.2% below Wall Street's consensus target of $603.63.
Last 12 months price action with 12-month analyst target path
The base valuation assumes DY achieves its forward estimates and maintains a stable P/E multiple of 27.5x. This scenario reflects the blended consensus of 22 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Dycom Industries, Inc. (DY) has a Wall Street consensus price target of $603.63, based on estimates from 22 covering analysts. With the stock currently trading at $456.65, this represents a potential upside of +32.2%. The company has a market capitalization of $13.71B.
Analyst price targets range from a low of $420.00 to a high of $654.00, representing a 39% spread in expectations. The median target of $615.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 21 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, DY trades at a trailing P/E of 47.8x and forward P/E of 27.5x. The forward PEG ratio of 0.50 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +62.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $654.00, with bear and bull scenarios of $412.02 and $861.71 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
PRIMPrimoris Services Corporation | $5.5B | $101.30 | $152.78 | +50.8% | Buy | 20.9x | 24 |
PWRQuanta Services, Inc. | $105.4B | $702.25 | $674.27 | -4.0% | Buy | 50.2x | 36 |
MYRGMYR Group Inc. | $7.2B | $461.10 | $412.67 | -10.5% | Hold | 40.3x | 21 |
WLDNWilldan Group, Inc. | $1.3B | $89.00 | $117.50 | +32.0% | Buy | 21.6x | 7 |
GLDDGreat Lakes Dredge & Dock Corporation | $1.1B | $17.00 | — | — | Buy | 15.4x | 7 |
MTZMasTec, Inc. | $29.9B | $379.66 | $416.73 | +9.8% | Buy | 43.0x | 36 |
ROADConstruction Partners, Inc. | $6.9B | $122.78 | $142.25 | +15.9% | Buy | 40.8x | 9 |
STRLSterling Infrastructure, Inc. | $26.4B | $861.88 | $656.20 | -23.9% | Buy | 45.6x | 9 |
IESCIES Holdings, Inc. | $14.2B | $712.39 | $458.00 | -35.7% | Hold | 36.2x | 1 |
EMEEMCOR Group, Inc. | $37.3B | $836.59 | $987.67 | +18.1% | Buy | 28.5x | 13 |
Quick answers to the most common questions about buying DY stock.
The consensus Wall Street price target for DY is $603.63, representing 32.2% upside from the current price of $456.65. With 22 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
DY has a consensus rating of "Buy" based on 22 Wall Street analysts. The rating breakdown is predominantly bullish, with 21 Buy/Strong Buy ratings. The consensus 12-month price target of $603.63 implies 32.2% upside from current levels.
DY trades at a forward P/E of 27.4865x, representing a moderate valuation. With analysts targeting $603.63 (32.2% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $654 for DY, while the most conservative target is $420. The consensus of $603.63 represents the median expectation. Our quantitative valuation model projects a bull case target of $862 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
DY is well covered by analysts, with 22 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 20 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month DY stock forecast based on 22 Wall Street analysts shows a consensus price target of $603.63, with estimates ranging from $420 (bear case) to $654 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $654, with bear/bull scenarios of $412/$862.
Our quantitative valuation model calculates DY's fair value at $654 (base case), with a bear case of $412 and bull case of $862. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
DY trades at a forward P/E ratio of 27.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 47.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on DY, with a "Buy" consensus rating and $603.63 price target (32.2% upside). 21 of 22 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
DY analyst price targets range from $420 to $654, a 39% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $603.63 consensus represents the middle ground. Our model's $412-$862 range provides an independent fundamental perspective.
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