MYR Group Inc. (MYRG) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$454.78
Price Target
$362.00
Target Range
$285.00 — $450.00
Analyst Rating
Hold
Forward P/E46.8x
Trailing P/E60.4x
Forward PEG2.81
Implied Growth+7.2%
Median Target$351.00
Analyst Spread45.6%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$285
-37.3%
Consensus
$362
-20.4%
Bull Case
$450
-1.1%
Valuation Model TargetsConfidence: 66/100
Bear$221
Base$598
Bull$867
MYRG Price Target Analysis
Updated May 6, 2026As of May 6, 2026, MYR Group Inc. (MYRG) has a Wall Street consensus price target of $362.00, based on estimates from 21 covering analysts. With the stock currently trading at $454.78, this represents a potential downside of -20.4%. The company has a market capitalization of $7.08B.
Analyst price targets range from a low of $285.00 to a high of $450.00, representing a 46% spread in expectations. The median target of $351.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 9 analysts rating the stock as a Buy or Strong Buy,12 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MYRG trades at a trailing P/E of 60.4x and forward P/E of 46.8x. The forward PEG ratio of 2.81 reflects a premium valuation. Analysts expect EPS to grow +7.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $598.26, with bear and bull scenarios of $221.05 and $867.18 respectively. Model confidence stands at 66/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+14.3%
Avg Forward P/E45.2x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PWRQuanta Services, Inc. | $117.8B | $785.24 | $647.23 | -17.6% | Buy | 60.0x | 35 |
 PRIMPrimoris Services Corporation | $5.5B | $101.36 | $160.63 | +58.5% | Buy | 16.9x | 22 |
 WLDNWilldan Group, Inc. | $1.1B | $75.71 | $117.50 | +55.2% | Buy | 18.4x | 7 |
 MTRXMatrix Service Company | $388M | $13.80 | $24.00 | +73.9% | Buy | 162.4x | 13 |
 GLDDGreat Lakes Dredge & Dock Corporation | $1.1B | $17.00 | — | — | Buy | 15.4x | 7 |
 EMEEMCOR Group, Inc. | $42.0B | $943.75 | $931.50 | -1.3% | Buy | 32.2x | 12 |
 IESCIES Holdings, Inc. | $13.4B | $673.84 | $458.00 | -32.0% | Buy | 38.4x | 1 |
 TTEKTetra Tech, Inc. | $8.1B | $31.01 | $41.50 | +33.8% | Hold | 20.3x | 26 |
 STRLSterling Infrastructure, Inc. | $27.2B | $886.22 | $488.20 | -44.9% | Buy | 64.6x | 9 |
 NEENextEra Energy, Inc. | $198.9B | $95.39 | $98.13 | +2.9% | Buy | 23.6x | 36 |
Upside Potential Comparison
MTRXPRIMWLDNTTEKNEEEMEPWRIESCSee MYRG's True Return
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Start ComparisonMYRG — Frequently Asked Questions
Quick answers to the most common questions about buying MYRG stock.
What is the MYRG stock price target for 2026?
MYRG's consensus price target is $362, -20.4% below the current price of $454.78. The 21 analysts tracking MYRG see downside risk at present valuations.
Is MYRG a buy, sell, or hold?
MYRG has a consensus rating of "Hold" based on 21 Wall Street analysts. The rating breakdown is mixed, with 12 Hold ratings making up the largest segment. The consensus 12-month price target of $362 implies -20.4% downside from current levels.
Is MYRG stock overvalued or undervalued?
At a forward P/E of 46.8483x, MYRG trades at a premium valuation. The consensus price target of $362 (-20.4% downside) suggests analysts may view current valuations as stretched.
How high can MYRG stock go?
The most bullish Wall Street analyst has a price target of $450 for MYRG, while the most conservative target is $285. The consensus of $362 represents the median expectation. Our quantitative valuation model projects a bull case target of $867 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MYRG stock?
MYRG is well covered by analysts, with 21 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 9 have Buy ratings, 12 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MYRG stock forecast?
The 12-month MYRG stock forecast based on 21 Wall Street analysts shows a consensus price target of $362, with estimates ranging from $285 (bear case) to $450 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $598, with bear/bull scenarios of $221/$867.
What is MYRG's fair value based on fundamentals?
Our quantitative valuation model calculates MYRG's fair value at $598 (base case), with a bear case of $221 and bull case of $867. 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 66/100.
What is MYRG's forward P/E ratio?
MYRG trades at a forward P/E ratio of 46.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 60.4x. 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.
Should I buy MYRG stock?
Analysts are cautious on MYRG, with 0 Sell ratings and a price target of $362 (-20.4% from current price). The "Hold" consensus suggests careful evaluation before buying. 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.
Why do MYRG price targets vary so much?
MYRG analyst price targets range from $285 to $450, a 46% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $362 consensus represents the middle ground. Our model's $221-$867 range provides an independent fundamental perspective.