--- title: "MYR Group (MYRG) Draws Fresh Analyst Support, Is The Upside Already Priced In?" type: "News" locale: "en" url: "https://longbridge.com/en/news/290988321.md" description: "Oppenheimer initiated coverage of MYR Group (MYRG) with a Perform rating, citing growth in transmission and data centers alongside insider selling concerns. Trading at $487.33, the stock exceeds the analyst fair value target of $455, suggesting it may be overvalued by approximately 7.1%. While strong recent returns and new utility contracts support future revenue, investors should monitor labor cost inflation and backlog volatility." datetime: "2026-06-26T15:59:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290988321.md) - [en](https://longbridge.com/en/news/290988321.md) - [zh-HK](https://longbridge.com/zh-HK/news/290988321.md) --- # MYR Group (MYRG) Draws Fresh Analyst Support, Is The Upside Already Priced In? Recent interest around MYR Group (MYRG) picked up after Oppenheimer initiated coverage with a Perform rating, highlighting growth opportunities in electrical transmission, data centers, and complex infrastructure, along with stronger free cash flow and insider selling concerns. See our latest analysis for MYR Group. At a share price of $487.33, MYR Group has seen momentum build, with a 3.67% 1 day share price return, 78.20% over 90 days and a 1 year total shareholder return of 170.44%. If you are watching how power grid investments affect contractors like MYR Group, it can be useful to widen the lens and review 34 power grid technology and infrastructure stocks With MYR Group trading at $487.33, above the US$455 analyst price target and alongside very strong recent returns, the key question is whether investors are overpaying or if the market is simply recognizing the company’s potential. ## Most Popular Narrative: 7.1% Overvalued The most followed narrative on MYR Group currently anchors fair value at $455, which sits below the last close of $487.33, so the story leans on stretched expectations. > _Significant multi-year utility contracts (notably the new 5-year master service agreement with Xcel Energy and others in the Northeast/Midwest) are set to expand recurring revenues and improve backlog visibility, supporting higher future revenue and greater earnings predictability._ _Read the complete narrative._ Want to understand why this narrative still supports a premium to today’s fair value anchor? Revenue compounding, margin uplift and a rich future earnings multiple sit at the core of this case. Curious how those pieces fit together over the next few years? The full narrative lays out the exact growth, profitability and valuation bridge behind that $455 figure. **Result: Fair Value of $455 (OVERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, MYR Group investors still need to watch for pressure from labor cost inflation, as well as any slowdown or lumpiness in transmission and commercial backlog that could challenge this premium story. Find out about the key risks to this MYR Group narrative. ## Next Steps With sentiment on MYR Group split between optimism and caution, do not wait on others to make the call for you. Instead, weigh both sides by reviewing the 2 key rewards and 1 important warning sign ## Looking for more investment ideas beyond MYR Group? If MYR Group has your attention, do not stop here. Use the Simply Wall Street Screener to quickly spot other opportunities that fit your investing style. - Target resilient companies that prioritise financial strength by scanning the solid balance sheet and fundamentals stocks screener (48 results) and see which stocks match your quality filter. - Hunt for potential bargains by reviewing the 43 high quality undervalued stocks so you can spot stocks where fundamentals and price appear out of sync. - Protect your downside by focusing on stability first, using the 67 resilient stocks with low risk scores to highlight companies with lower overall risk profiles. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [MYRG.US](https://longbridge.com/en/quote/MYRG.US.md) - [OPY.US](https://longbridge.com/en/quote/OPY.US.md) - [XEL.US](https://longbridge.com/en/quote/XEL.US.md) - [XELLL.US](https://longbridge.com/en/quote/XELLL.US.md) ## Related News & Research - [Hawk Ridge Capital Management LP Increases Position in MYR Group, Inc. $MYRG](https://longbridge.com/en/news/294046796.md) - [MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion](https://longbridge.com/en/news/294256541.md) - [TechCrunch Disrupt to spotlight AI's growing energy demands](https://longbridge.com/en/news/294057052.md) - [Consolidated Edison Inc $ED Position Increased by Cetera Investment Advisers](https://longbridge.com/en/news/294169161.md) - [Vistra is up 720% in 5 years. 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