--- title: "Granite Construction (GVA) Stock Slides on an Analyst Downgrade" type: "News" locale: "en" url: "https://longbridge.com/en/news/292220899.md" description: "Granite Construction (GVA) shares fell 8.55% after Goldman Sachs analyst Adam Bubes downgraded the stock from Hold to Sell, lowering the price target to $139. The downgrade cites overvaluation following a five-year turnaround and expected slowdown in public construction spending due to the end of the Infrastructure Investment and Jobs Act. Despite the drop, GVA remains up 14.28% year-to-date, with Wall Street consensus maintaining a Moderate Buy rating." datetime: "2026-07-09T15:37:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292220899.md) - [en](https://longbridge.com/en/news/292220899.md) - [zh-HK](https://longbridge.com/zh-HK/news/292220899.md) generator: "portal-rs" --- # Granite Construction (GVA) Stock Slides on an Analyst Downgrade Granite Construction (GVA) stock started showing cracks on Thursday after the infrastructure contractor and construction materials company received a downgrade from a top Wall Street analyst. Four-star Goldman Sachs analyst Adam Bubes dropped GVA stock to a Sell rating from a Hold rating. He also lowered his price target for the shares to $139 from $141. Even with this cut, the new price target still represents a possible 5.9% upside for the shares. ### 4th of July Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. Bubes shifted to a bearish stance on Granite Construction partially due to the company's turnaround. The company changed its focus to its materials business via a series of acquisitions over the past five years. While that change has pushed the shares higher, the Goldman Sachs analyst argued they have risen too much over that period of time and are now overvalued. Adding to this argument, Bubes expects real public construction spending to slow significantly. The analyst sees growth in this market becoming flat or falling into the low-single-digit range. He attributed this to the end of the Infrastructure Investment and Jobs Act. With that in mind, it could become more difficult for Granite Construction to secure additional contracts without that bill. The firm also doesn't expect any new additions to its infrastructure work for Customs and Border Protection after 2026. ## **How Did Granite Construction Stock React to the Analyst Downgrade?** Granite Construction stock didn't take the analyst's downgrade today well. In fact, the shares dropped 8.55% after Bubes sent his note to clients. Even so, the stock was up 14.28% year-to-date and has risen 52.49% over the past 12 months. Looking at GVA stock's trading activity today, some 376,000 shares have changed hands. To put that in perspective, the company's three-month average daily trading volume was about 830,000 shares. ## **Is Granite Construction Stock a Buy, Sell, or Hold?** Turning to Wall Street, the analysts' consensus rating for Granite Construction is Moderate Buy, based on two Buy and one Sell ratings over the past three months. With that comes an average GVA stock price target of $163, suggesting a possible 23.89% upside for the shares. (See **GVA Stock Forecast**) ### Related Stocks - [GVA.US](https://longbridge.com/en/quote/GVA.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [Granite Construction (NYSE:GVA) Issues Quarterly Earnings Results](https://longbridge.com/en/news/294587695.md) - [Granite Construction (GVA) To Report Earnings Tomorrow: Here Is What To Expect](https://longbridge.com/en/news/294145338.md) - [REG - Sequoia Econ Infra - PDMR / PCA Shareholding](https://longbridge.com/en/news/296812006.md) - [Highland Copper Announces Final Approval of US$50 Million Grant From the State of Michigan for Copperwood Project | HDRSF Stock News](https://longbridge.com/en/news/296944641.md) - [Hop-on's Digitalage (OTCID: HPNN) Details Transparent Moderation Controls in Operating Media Infrastructure | HPNN Stock News](https://longbridge.com/en/news/296817377.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**