Guggenheim Rates Primoris Services (PRIM) buy, $162 Price Target

Guggenheim maintained its buy rating on Primoris Services Corporation while pointing to a target well above current trading levels, a 69.85% upside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 9:01 AM EDT · Updated Jun 26, 2026, 7:02 AM EDT

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Guggenheim rated Primoris Services Corporation ($PRIM) "buy" with a $162 price target on June 23, 2026.

Since the rating, $PRIM is up 16.8% after 1 week, up 6.8% after 1 month and down 13.7% to date (from the $84.79 close on Jun 23, 2026).

PRIM Primoris Services Corporation

$73.21 -43.81% year to date

Daily close · Oct 16, 2026

Key Points

Guggenheim analyst Joseph Osha reiterated a buy rating on Primoris Services Corporation (NYSE: PRIM) with a $162 price target on June 23, 2026.
Guggenheim's $162 price target implies 69.85% upside from Primoris Services Corporation's ($PRIM) current $95.38 share price.
The stock recently traded at $95.38, leaving a substantial gap between its market price and Guggenheim's target.
The broader analyst community holds a consensus buy recommendation on the engineering firm, backed by 15 covering opinions.

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Guggenheim Reaffirms Buy View on Primoris Services

Guggenheim has renewed its bullish stance on Primoris Services Corporation (NYSE: PRIM), with analyst Joseph Osha reiterating a buy rating on June 23, 2026. The firm kept its price target at $162.00, suggesting considerable upside for the engineering and construction provider from its current market levels.

Where Primoris Stock Trades Versus Its Target

The shares recently changed hands at $95.38, sitting well below their 52-week high of $205.50 though comfortably above the 52-week low of $65.00. The current price also trades above the 50-day moving average of $80.45, while remaining below the 200-day moving average of $121.45. With a market value of about $4.17 billion, the company trades at a P/E ratio of 30.16 alongside a forward P/E of 14.73 based on expected earnings.

12-month forecast

$PRIM price target

Primoris Services Corporation daily closes and this analyst's $162 target. Not advice.

Analysts Set New Price Targets

Other financial firms have updated their outlooks on the Dallas-based infrastructure provider in recent months. On September 29, 2026, Cantor Fitzgerald reiterated a neutral rating with a $105.00 price target. Earlier in the month on September 9, 2026, Piper Sandler initiated coverage with a neutral rating and a $90.00 price target. Back on August 10, 2026, UBS maintained a buy rating with a $138.00 target, while Cantor Fitzgerald kept a neutral rating at a $105.00 target. Guggenheim itself previously adjusted its target to $127.00 in an August 6 update before other revisions occurred. Roth Capital reiterated a buy rating at $100.00 on July 20, 2026, and Needham maintained a buy rating with a $172.00 target on July 13, 2026. Overall, the stock carries a consensus buy recommendation across 15 analyst opinions, with a mean target price of $117.80.

Earnings and Dividend Profile

Primoris Services Corporation recorded $7.28 billion in revenue over the trailing period, accompanied by a net margin of 1.92% and a return on equity of 8.89%. The company reported earnings of $2.55 per share. Income-focused investors receive an annual dividend rate of $0.32 per share, giving the stock a dividend yield of 0.42% with a low payout ratio of 12.55%.

What Primoris Does in Infrastructure

Headquartered in Texas, Primoris Services Corporation provides vital infrastructure services through its Utilities and Energy segments across the United States and Canada. The Utilities division builds and maintains natural gas, electric, and communication networks, while the Energy segment handles engineering, procurement, and construction for renewable energy, storage, petroleum, and transportation projects.

Looking Ahead to Next Reports

Investors are keeping an eye on the company's next earnings release, which is scheduled for November 2, 2026. This upcoming report will give the market a fresh look at project execution and profit margins across both operating segments.