Mizuho Rates Primoris Services (PRIM) buy, $117 Price Target

Mizuho continues to back Primoris Services with a buy rating and a target of $117.00, a 22.67% upside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 12:01 PM EDT · Updated Jun 26, 2026, 10:02 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Mizuho rated Primoris Services Corporation ($PRIM) "buy" with a $117 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

On June 23, 2026, Mizuho reiterated its buy rating on Primoris Services Corporation (NYSE: PRIM) with a target price of $117.00.
The stock is currently trading at $95.38, well below its 52-week high of $205.50, indicating potential upside.
Wall Street analysts generally support a positive outlook, with a consensus buy rating and an average price target of $117.80.

Get $PRIM trade alerts by text

We text you when insiders, Congress or big funds trade $PRIM. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Primoris Services Corporation alert may contain errors. Disclosures

Mizuho's Continued Support for Primoris Services

On June 23, 2026, Mizuho reiterated its buy rating on Primoris Services Corporation (NYSE: PRIM) with a price target of $117.00. The stock was trading at $95.38 at the time, which shows a significant potential upside from the current price.

Analyst rating track record

Mizuho vs. the S&P 500

YTD return -21.60% hypothetical

All-time return -34.82% S&P 500 +14.50%

vs. S&P 500 -49.32% behind the index

Hypothetical returns from Mizuho's disclosed trades, not real profit or advice. How we model this.

How Mizuho's Call Stands Out

Mizuho's ongoing support comes as the stock remains below its 52-week high of $205.50. This reiteration suggests confidence in the company's future growth, especially as it operates in the infrastructure services sector in the U.S. and Canada. The firm’s target aligns closely with the average price target of $117.80 from 15 analysts, indicating a consensus buy recommendation.

Analysts Set New Price Targets

Mizuho is not alone in its positive outlook. On September 29, 2026, Cantor Fitzgerald reiterated a Neutral rating with a target of $105.00. Earlier in September, Piper Sandler initiated coverage with a Neutral rating and a target of $90.00. Meanwhile, UBS maintained a Buy rating with a revised target of $138.00 on August 10, 2026, down from $186.00. This mix of ratings reflects a range of opinions on the stock's potential, but the overall sentiment leans towards optimism.

Stock Performance and Market Position

Primoris Services is currently trading at $95.38, significantly below its 50-day moving average of $80.45 and its 200-day average of $121.45. The stock's performance indicates it could be undervalued, especially given its market cap of approximately $4.17 billion and a P/E ratio of 30.16, suggesting that investors are willing to pay for future growth despite recent revenue challenges.

12-month forecast

$PRIM price target

Primoris Services Corporation daily closes and this analyst's $117 target. Not advice.

Recent Earnings and Future Outlook

The company reported revenue of $7.28 billion, but it faced a revenue decline of 10.7%. Despite these challenges, the next earnings report is scheduled for November 2, 2026, which could provide more insights into the company's recovery strategies and growth potential.

What Primoris Services Corporation Does

Primoris Services Corporation provides essential infrastructure services, primarily in the utilities and energy sectors. With a focus on installation and maintenance of utility systems, as well as construction services for energy projects, the company is positioned to benefit from ongoing investments in infrastructure.

What to Watch at Primoris Services Corporation

As Primoris prepares for its upcoming earnings report, investors will be keen to see how the company addresses its recent revenue decline. Mizuho's buy rating and price target will likely be a focal point in discussions about the stock's future performance, particularly as analysts reassess their positions after the earnings release.