Buy now: trend and fundamentals are aligned bullish, and the stock is holding above key pivot/support (~253.7).
Near-term upside target is the resistance band around ~262.9 to ~268.6; price is close enough that momentum follow-through can reward an impatient entry.
Not a “deep value” entry: options positioning (OI put-heavy) suggests some hedging/caution, but it hasn’t broken the uptrend.
Technical Analysis
Trend: Bullish structure with SMA_5 > SMA_20 > SMA_200, indicating a strong uptrend across short/medium/long timeframes.
Momentum: MACD histogram is positive (0.152) but contracting, implying upside momentum is still present but cooling—more grind-up than breakout.
RSI: RSI_6 = 56.4 (neutral), suggesting room to move higher without being overbought.
Key levels: Pivot/support ~253.7 (important “line in the sand”); resistance R1 ~262.9 then R2 ~268.6.
Pattern-based odds (provided): positive drift expectations (+0.67% next day, +3.82% next week, +10.48% next month) supports staying constructive.
Options Data
Bearish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning: Open Interest Put/Call = 1.77 (put-heavy), often read as cautious sentiment/hedging demand rather than aggressive upside speculation.
Flow: Option volume is extremely light (only 2 calls, 0 puts), so “volume put/call” is not very informative today.
Volatility: IV30 ~51.5 vs historical vol ~43.8; IV percentile ~68.9 suggests options are priced relatively rich versus much of the past year (market paying up for optionality into upcoming catalysts like earnings).
Execution + margins: latest quarter showed major profitability improvement (EPS and net income up triple digits YoY), reinforcing the “quality execution + margin discipline” narrative.
Event catalyst: QDEC 2025 earnings on 2026-02-25 (after hours) with Street EPS est. 1.73—potential catalyst if margins/backlog commentary stays strong.
Analyst support: multiple Buys/Overweights with price targets well above current price (notably 285–295).
Gross margin: 11.65%, +35.94% YoY (supports the bull case of margin expansion and better execution).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: ratings skew positive with multiple initiations/upgrades in targets; overall tone is constructive on a multi-year utility/grid capex cycle.
Key updates:
2026-01-26 Stifel: Buy, PT raised to $262 (from $237) — near current price, implying more modest upside near-term.
2026-01-23 Cantor Fitzgerald: Initiated Overweight, PT $285 — expects multi-year investment cycle to drive durable demand.
2025-12-15 Clear Street: Initiated Buy, PT $295 — sees further upside via EBITDA margin expansion and operating leverage.
2025-11-13 Goldman Sachs: Neutral, PT raised to $248 — acknowledges T&D/data center strength but stays less aggressive.
Wall Street pros vs cons:
Pros: strong thematic demand (grid/T&D, electrification, data centers), improving margins, and supportive target raises.
Cons: at/near highs and one major house still Neutral; some residual project/solar-execution sensitivity noted previously.
Influential/political trading: No recent congress trading data available; hedge fund and insider trading trends reported as neutral.
People Also Watch
Wall Street analysts forecast MYRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYRG is 266 USD with a low forecast of 237 USD and a high forecast of 295 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast MYRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYRG is 266 USD with a low forecast of 237 USD and a high forecast of 295 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 252.860
Low
237
Averages
266
High
295
Current: 252.860
Low
237
Averages
266
High
295
Stifel
Buy
maintain
$237 -> $262
AI Analysis
2026-01-26
Reason
Stifel
Price Target
$237 -> $262
AI Analysis
2026-01-26
maintain
Buy
Reason
Stifel raised the firm's price target on MYR Group to $262 from $237 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.
Cantor Fitzgerald
Overweight
initiated
$285
2026-01-23
Reason
Cantor Fitzgerald
Price Target
$285
2026-01-23
initiated
Overweight
Reason
Cantor Fitzgerald initiated coverage of MYR Group with an Overweight rating and $285 price target. The Engineering & Construction sector is entering a multi-year investment cycle fueled by grid modernization, electrification, energy transition initiatives, and rising power demand from data centers and reshoring, while increasing utility capex is driving record backlogs, offering strong near-term revenue visibility and a durable long-term project pipeline, the analyst tells investors in a research note. MYR continues to intentionally pace growth, emphasizing execution quality and margin discipline rather than top-line growth, Cantor says.
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