MasTec, Inc. (MTZ) Stock Price & How to Invest

MasTec (NYSE: MTZ) is a Coral Gables, Florida based engineering and construction firm that builds and maintains large-scale infrastructure across four segments: Communications (wireless and wireline/fiber), Power Delivery (utility transmission and distribution), Pipeline Infrastructure (natural gas installation and maintenance), and Clean Energy and Infrastructure (renewables engineering, construction, and heavy civil). The company works for utilities, telecom carriers, energy operators, and government customers, and grows both organically and through acquisitions such as the roughly $1.65 billion planned Superior Group deal.

The investment picture is a cyclical growth story tied to US infrastructure spending. Revenue reached roughly $14.3 billion in 2025 and demand is accelerating into 2026, driven by grid upgrades, data-center power needs, and renewable buildout, with an 18-month backlog at a record level above $20 billion. That momentum has pushed the stock to a premium valuation, so returns hinge on the company converting backlog into margin-accretive revenue while managing project execution, weather, and customer capital-spending cycles.

MasTec is cyclical and project-based, so revenue and margins can swing with customer capital budgets, permitting delays, weather, and the timing of large contracts. The stock trades at a high earnings multiple (trailing P/E in the 60s), leaving little cushion if growth or margins disappoint. The company carries debt and pursues sizable acquisitions such as Superior Group, adding integration and balance-sheet risk. Fixed-price contracts expose it to cost overruns, and a handful of large customers and projects can concentrate outcomes. Shifts in energy, telecom, or renewable-subsidy policy could also alter demand across its segments.

17 analysts publish price targets on MTZ, averaging $487.76 against a $263.10 price as of August 2026, or +85.4%. The published targets run from $363.00 to $581.00, a moderate spread, and the ratings split 19 buy, 1 hold, 0 sell. Over the last six months there have been 10 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full MTZ forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on MasTec, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Record backlog and demand acceleration. MasTec's 18-month backlog reached roughly $20.3 billion as of March 2026, up about $4.4 billion year over year, led by strong growth in Clean Energy and Infrastructure. The most optimistic published target, $581.00, assumes this works close to its best case.

The case against. MasTec is cyclical and project-based, so revenue and margins can swing with customer capital budgets, permitting delays, weather, and the timing of large contracts. The most pessimistic target, $363.00, is roughly what MTZ is worth if this bites instead.

Read the full bull and bear case on MTZ, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see MasTec, Inc.'s investor relations page or your broker.

• Revenue (2025 FY): ~$14.3B
• Revenue (TTM): ~$15B
• 2026 revenue guidance: ~$17.5B
• Adjusted diluted EPS (2025): ~$6.55
• 18-month backlog: ~$20.3B
• Market cap: ~$28B

MasTec is a large-cap infrastructure contractor trading at a premium multiple, with a trailing P/E in the low-to-mid 60s reflecting strong expected earnings growth. Management raised 2026 guidance after a record Q1, targeting roughly $17.5 billion in revenue and about $8.79 in adjusted EPS. The valuation prices in continued backlog conversion, so results relative to that growth path matter more than the absolute multiple.

If you want MTZ exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to MTZ: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get MTZ exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (AIRR, IJK, XMMO), which spreads the position across many companies. Or build it into a focused thematic portfolio, so MTZ sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where MTZ fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

MasTec is a levered play on US infrastructure spending, growing fast off a record backlog but priced richly, so the risk sits in execution and the durability of that demand.

Whether MTZ is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MTZ a buy or a sell?, and where the stock could go from here in the MTZ stock forecast.

For income investors, whether MTZ pays a dividend and how the payout looks is covered in does MTZ pay a dividend? And to weigh MTZ against a peer, read the full side-by-side comparisons: MTZ vs PWR and MTZ vs PRIM.