Goldman Sachs analyst Adam Bubes raised the firm’s price target on Granite (GVA) to $132 from $124 and keeps a Neutral rating on the shares. The firm is citing the company’s strong backlog growth and continued cash conversion execution revealed with its Q4 earnings beat and above-consensus FY26 guide, the analyst tells investors in a research note.
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Read More on GVA:
- Granite Construction Faces Earnings Pressure Risk From Potential Goodwill and Intangible Asset Impairments
- Granite price target raised to $155 from $130 at DA Davidson
- Granite selected by Nevada DOT for Interstate 80 East widening project
- Granite Construction Signals Strong Momentum In 2025
- Granite sees FY26 revenue $4.9B-$5.1B, consensus $4.88B