By Jeff Lewis

Quanta Services, Inc. (NYSE:PWR) is one of the 7 Best Data Center Engineering and Construction Stocks To Buy.

On April 27, 2026, Citi raised its price target on Quanta Services, Inc. (NYSE:PWR) to $733 from $640 and maintained a Buy rating as part of a broader Q1 preview for the engineering and construction sector. The firm said it expects companies in the group to meet or exceed consensus estimates and reiterated a bullish view on Quanta following its recent investor day.

On April 20, 2026, Truist raised its price target on Quanta Services, Inc. (NYSE:PWR) to $713 from $643 and maintained a Buy rating as part of a broader Q1 preview across machinery, infrastructure services, and multi-industry companies. The firm pointed to improving industrial conditions, noting that March U.S. Manufacturing PMI rose to 52.7 after positive readings in January and February. Truist said the setup for Q1 results appears favorable, though it cautioned that the Iran conflict could still weigh on sentiment and disrupt a broader industrial recovery. The firm also noted that channel destocking appears to be over, with improving trends in construction and mining equipment, commercial vehicles, and semiconductors.

Dmitry Kalinovsky/Shutterstock.com

Earlier in the month, Stifel raised its price target on Quanta Services, Inc. (NYSE:PWR) to $654 from $647 and maintained a Buy rating. The firm said its Q1 survey of electrical and mechanical contractors showed project activity improved sequentially and exceeded expectations, with data centers remaining a key area of strength.

Quanta Services, Inc. (NYSE:PWR) provides infrastructure solutions for electric and gas utilities, power generation, communications, pipeline, manufacturing, and energy markets.

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Source: Insider Monkey