William Blair analyst Louie DiPalma has maintained their bullish stance on STRL stock, giving a Buy rating on July 26.
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Louie DiPalma’s rating is based on Sterling Construction’s impressive financial performance in the second quarter, where the company exceeded expectations in revenue, EBITDA, and EPS. The significant growth in e-infrastructure revenue, which accelerated to 28.6% from the previous quarter’s 18.3%, highlights the company’s strong execution and robust data center exposure.
Additionally, the expansion of the e-infrastructure margin to 28.3% further supports the positive outlook for Sterling Construction. The company’s decision to raise its guidance across all key metrics indicates confidence in its future performance. These factors together justify the Buy rating given by Louie DiPalma.
In another report released on July 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $299.00 price target.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STRL in relation to earlier this year.