On October 3, 2023, shares of MYR Group Inc (MYRG) surged beyond the average analyst 12-month target price of $100.67, trading at $112.18 per share. This increase prompts analysts to either adjust their target prices upward or reconsider their ratings in light of the stock’s valuation.
Three analysts currently cover MYRG, with target prices ranging from a low of $95.00 to a high of $108.00, resulting in a standard deviation of $6.658. As of now, the analyst ratings break down as follows: 2 Strong Buys, 1 Hold, and no Sell ratings, leading to an average rating of 1.67, or “buy”. This data is derived from Zacks Investment Research.
