MYR Group Inc. (MYRG)

MYR Group Stock Forecast

Stock Price Forecast

According to 5 professional analysts, the 12-month price target for MYR Group stock ranges from a low of $131 to a high of $170. The average analyst price target of $157 forecasts a -13.90% decrease in the stock price over the next year.

Price Target: $157.00 (-13.90%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$131	$157	$163	$170
Change	-28.16%	-13.90%	-10.61%	-6.77%

Analyst Ratings

The average analyst rating for MYR Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	3	3	3	2	2	1
Buy	1	1	2	2	2	2
Hold	2	0	0	1	1	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	4	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ati Modak Goldman Sachs	Goldman Sachs	Strong Buy → Hold Downgrades $145 → $168	Strong Buy → Hold	Downgrades	$145 → $168	-7.87%	Jun 6, 2025
Kashy Harrison Piper Sandler	Piper Sandler	Hold Maintains $138 → $153	Hold	Maintains	$138 → $153	-16.10%	May 27, 2025
Kashy Harrison Piper Sandler	Piper Sandler	Hold Maintains $124 → $138	Hold	Maintains	$124 → $138	-24.32%	May 5, 2025
Sangita Jain Keybanc	Keybanc	Buy Maintains $136 → $163	Buy	Maintains	$136 → $163	-10.61%	May 2, 2025
Justin Hauke Baird	Baird	Buy Maintains $159 → $170	Buy	Maintains	$159 → $170	-6.77%	May 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.58B

Increased by 6.56%

from 3.36B

Revenue Next Year

3.80B

Increased by 6.14%

from 3.58B

EPS This Year

6.77

Increased by 270.10%

from 1.83

EPS Next Year

8.22

Increased by 21.35%

from 6.77

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.25B	2.50B	3.01B	3.64B	3.36B	3.58B	3.80B	4.26B
Revenue Growth	8.51%	11.16%	20.42%	21.12%	-7.73%	6.56%	6.14%	12.12%
EPS	3.48	4.95	4.91	5.40	1.83	6.77	8.22	10.52
EPS Growth	53.98%	42.24%	-0.81%	9.98%	-66.11%	270.10%	21.35%	27.96%
Forward PE	-	-	-	-	-	26.92	22.19	17.34
No. Analysts	-	-	-	-	-	7	6	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	3.8B	4.1B	4.4B
Avg	3.6B	3.8B	4.3B
Low	3.4B	3.5B	4.1B

Revenue Growth

Revenue Growth	2025	2026	2027
High	12.8%	14.2%	15.4%
Avg	6.6%	6.1%	12.1%
Low	0.2%	-1.2%	7.7%

EPS Forecast

EPS	2025	2026	2027
High	7.98	9.22	10.83
Avg	6.77	8.22	10.52
Low	5.74	6.93	10.10

EPS Growth

EPS Growth	2025	2026	2027
High	336.1%	36.1%	31.7%
Avg	270.1%	21.3%	28.0%
Low	213.8%	2.3%	22.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.