Sterling Infrastructure, Inc. (NASDAQ:STRL) is one of the On May 28, 2026, Oppenheimer analyst Brent Thielman initiated coverage of Sterling Infrastructure, Inc. (NASDAQ:STRL) with an Outperform rating and a $950 price target.
Thielman said Sterling has transformed through acquisitions into an “industry margin-leading provider” of specialty services for major infrastructure projects, especially those tied to technology and manufacturing industry leaders
Oppenheimer added that Sterling’s expansion from civil services and site development into inside electrical construction should allow the company to capture more customer wallet share. On May 6, 2026, KeyBanc raised the firm’s price target on Sterling Infrastructure, Inc. (NASDAQ:STRL) to $889 from $572 and maintained an Overweight rating on the shares. KeyBanc cited very strong Q1 results, robust bookings, improving margins, strong free cash flow, and a net cash balance sheet.
The firm said E-Infra gets most of the attention, but Transportation and the balance sheet are also improving, giving Sterling opportunities for further M&A in E-Infra or MEP as it expands into more geographies. Christian Lagerek/ Earlier in May, Sterling Infrastructure, Inc. (NASDAQ:STRL) reported Q1 EPS of $3.59, ahead of the consensus estimate of $2.19. Revenue totaled $825.7M, above the consensus estimate of $591.97M.