Sterling Infrastructure price target raised to $482 from $413 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Sterling Infrastructure (STRL) to $482 from $413 and keeps an Overweight rating on the shares. During the Sterling Infrastructure management call-back, CEO Joe Cutillo, CFO Nick Grindstaff, and Noelle Dilts stressed that investor focus on quarterly book-to-bill and consolidated margins misses the broader picture of durable mission-critical demand and growing visibility from combined backlog and high-probability future phases, the analyst tells investors in a research note. Management reiterated that 2026 revenue should be largely locked in by the end of Q1, the firm adds.