Texas Capital initiated coverage of Sterling Infrastructure (STRL) with a Hold rating and $348 price target The company has successfully evolved from a low-margin heavy civil contractor into a diversified infrastructure provider through strategic acquisitions and organic investments, delivering a 5-year revenue CAGR of 18% and EPS CAGR of 42% between 2019 and 2024, the analyst tells investors in a research note. In the near term, Sterling is positioned to benefit from its expanding backlog, particularly within its e-infrastructure segment, which supports mission-critical projects such as data centers, advanced manufacturing, and semiconductor facilities, the firm added.
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