Dycom price target raised to $275 from $250 at JPMorgan

JPMorgan raised the firm’s price target on Dycom (DY) to $275 from $250 and keeps an Overweight rating on the shares. The company’s Q2 revenue growth missed expectations but it maintained fiscal 2026 contract revenue guidance, the analyst tells investors in a research note. The firm says that while ramping fiber build programs have short-term volatility, Dycom is not seeing any reduction in build plans. It sees potential upside to Q3 estimates and beyond as carriers re-engage build programs and Dycom’s wireless business grows.