MYRG trades 48.8% below Wall Street's consensus target of $391.33.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MYRG achieves its forward estimates and maintains a stable P/E multiple of 20.3x. 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 November 8, 2026, MYR Group Inc. (MYRG) has a Wall Street consensus price target of $391.33, based on estimates from 22 covering analysts. With the stock currently trading at $262.91, this represents a potential upside of +48.8%. The company has a market capitalization of $4.09B.
Analyst price targets range from a low of $331.00 to a high of $530.00, representing a 51% spread in expectations. The median target of $366.50 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MYRG trades at a trailing P/E of 21.4x and forward P/E of 20.3x. The forward PEG ratio of 1.21 indicates reasonable valuation for growth. Analysts expect EPS to grow +5.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $425.12, with bear and bull scenarios of $267.83 and $560.14 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PWRQuanta Services, Inc. | $81.2B | $540.90 | $792.38 | +46.5% | Buy | 29.9x | 36 |
 PRIMPrimoris Services Corporation | $3.5B | $65.40 | $116.80 | +78.6% | Buy | 30.3x | 26 |
 WLDNWilldan Group, Inc. | $1.0B | $66.22 | $112.67 | +70.1% | Buy | 16.1x | 7 |
 MTRXMatrix Service Company | $271M | $9.64 | $16.00 | +66.0% | Buy | 16.2x | 13 |
 EMEEMCOR Group, Inc. | $27.0B | $608.45 | $1005.40 | +65.2% | Buy | 17.5x | 14 |
 IESCIES Holdings, Inc. | $6.3B | $158.45 | $458.00 | +189.1% | Buy | 13.7x | 1 |
 TTEKTetra Tech, Inc. | $10.5B | $40.29 | $39.00 | -3.2% | Hold | 25.6x | 26 |
 STRLSterling Infrastructure, Inc. | $7.8B | $252.82 | $702.00 | +177.7% | Buy | 11.7x | 10 |
 NEENextEra Energy, Inc. | $181.4B | $86.95 | $91.20 | +4.9% | Buy | 21.6x | 36 |
 AEEAmeren Corporation | $31.2B | $112.85 | $113.19 | +0.3% | Buy | 20.9x | 25 |
Quick answers to the most common questions about buying MYRG stock.
The consensus Wall Street price target for MYRG is $391.33, representing 48.8% upside from the current price of $262.91. With 22 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
MYRG has a consensus rating of "Buy" based on 22 Wall Street analysts. The rating breakdown is mixed, with 11 Hold ratings making up the largest segment. The consensus 12-month price target of $391.33 implies 48.8% upside from current levels.
MYRG trades at a forward P/E of 20.2519x, representing a moderate valuation. With analysts targeting $391.33 (48.8% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $530 for MYRG, while the most conservative target is $331. The consensus of $391.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $560 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MYRG is well covered by analysts, with 22 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 11 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 MYRG stock forecast based on 22 Wall Street analysts shows a consensus price target of $391.33, with estimates ranging from $331 (bear case) to $530 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $425, with bear/bull scenarios of $268/$560.
Our quantitative valuation model calculates MYRG's fair value at $425 (base case), with a bear case of $268 and bull case of $560. 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 48/100.
MYRG trades at a forward P/E ratio of 20.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.4x. 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 MYRG, with a "Buy" consensus rating and $391.33 price target (48.8% upside). 11 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.
MYRG analyst price targets range from $331 to $530, a 51% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $391.33 consensus represents the middle ground. Our model's $268-$560 range provides an independent fundamental perspective.
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.