Piper Sandler initiated coverage of Quanta Services Inc. on September 9, 2026. The bank assigned the stock an Overweight rating. Analysts established a price target of $731.

The firm expects Quanta to capitalize on an underestimated capital expenditure cycle. However, other market reports from the same day suggest caution regarding current valuation levels.

Quanta Services currently holds a strong GF Score of 93 out of 100. Discounted Cash Flow and GF Value models indicate the stock is significantly overvalued.