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Primoris Services Corp has a consensus price target of $47.25 based on the ratings of 4 analysts. The high is $63 issued by UBS on April 5, 2024. The low is $28 issued by Morgan Stanley on November 16, 2022. The 3 most-recent analyst ratings were released by UBS, Goldman Sachs, and DA Davidson on April 5, 2024, April 4, 2024, and April 4, 2024, respectively. With an average price target of $53.67 between UBS, Goldman Sachs, and DA Davidson, there's an implied -9.22% downside for Primoris Services Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Primoris Services (NYSE:PRIM) was reported by UBS on April 5, 2024. The analyst firm set a price target for $63.00 expecting PRIM to rise to within 12 months (a possible 6.56% upside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for Primoris Services (NYSE:PRIM) was provided by UBS, and Primoris Services maintained their buy rating.
The last upgrade for Primoris Services Corp happened on April 3, 2023 when Goldman Sachs raised their price target to $27. Goldman Sachs previously had a sell for Primoris Services Corp.
The last downgrade for Primoris Services Corp happened on November 11, 2021 when Goldman Sachs changed their price target from $27 to $24 for Primoris Services Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Primoris Services, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Primoris Services was filed on April 5, 2024 so you should expect the next rating to be made available sometime around April 5, 2025.
While ratings are subjective and will change, the latest Primoris Services (PRIM) rating was a maintained with a price target of $44.00 to $63.00. The current price Primoris Services (PRIM) is trading at is $59.12, which is within the analyst’s predicted range.
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