KeyBanc analyst Sangita Jain raised the firm’s price target on Dycom to $227 from $200 and keeps an Overweight rating on the shares. The firm maintains Dycom as one of its top picks as it believes the company is in the early stages of a telecom investment expansion cycle – led both by private investments in fiber and the IIJA’s $40B-$60B investment in rural broadband. As a telecom pureplay trading at 10-times FY26, KeyBanc does not believe that the growth is adequately reflected in the valuation.
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- Dycom price target raised to $204 from $198 at BofA
- Dycom price target raised to $208 from $205 at B. Riley
- Dycom price target raised to $200 from $195 at KeyBanc