Analyst Price Target is $55.00
▲ +36.21% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Granite Construction in the last 3 months. The average price target is $55.00, with a high forecast of $55.00 and a low forecast of $55.00. The average price target represents a 36.21% upside from the last price of $40.38.
Current Consensus is
The current consensus among 1 contributing investment analysts is to buy stock in Granite Construction. This rating has held steady since February 2021, when it changed from a Hold consensus rating.
Granite Construction, Inc. is a holding company, which engages in the provision of infrastructure solutions for public and private clients. It operates through the following segments: Transportation, Water, Specialty and Materials. The Transportation segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports and marine ports. The Water segment involves in water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides trenchless cured-in-place pipe rehabilitation. The Specialty segment includes construction of various complex projects including infrastructure / site development, mining, public safety, tunnel and power projects. The Materials segment offers production of aggregates, asphalt and construction related materials as well as proprietary sanitary and storm water rehabilitation products including cured-in-place pipe felt and fiberglass-based lining tubes both for internal use and for sale to third parties. The company was founded in 1922 and is headquartered in Watsonville, CA.