William Blair analyst Louie DiPalma has maintained their bullish stance on STRL stock, giving a Buy rating on October 30.
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Louie DiPalma has given his Buy rating due to a combination of factors including Sterling Infrastructure’s impressive third-quarter performance and its optimistic full-year guidance. The company’s shares rose by 4% in aftermarket trading, reflecting investor confidence following results that exceeded market expectations. The e-infrastructure segment, in particular, showed a strong margin of 26.8%, indicating robust performance despite the inclusion of the lower-margin CEC acquisition.
Furthermore, the organic growth in e-infrastructure revenue accelerated to 42%, driven by increased demand for mission-critical site development. This growth is a significant improvement from the previous quarter’s 29% growth rate. DiPalma anticipates further insights from the upcoming earnings call, which will provide more details on data center metrics, the impact of the CEC acquisition, and future expectations, potentially extending to 2026.
According to TipRanks, DiPalma is a 4-star analyst with an average return of 9.2% and a 59.16% success rate. DiPalma covers the Technology sector, focusing on stocks such as AST SpaceMobile, Gilat, and Rekor Systems.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $462.00 price target.