On September 11, Quanta rose 3.23% in regular trading, trading at $638.40/share, with Turnover of $21.94 million.

On the news front, ThompsonDavis & Co analyst Adam Thalhimer initiated coverage on Quanta with a Buy rating and an $800 price target, implying approximately 17% upside from current levels. The initiation comes on the heels of a strong Q2 performance, in which the company reported adjusted EPS of $4.24, beating the consensus estimate of $3.30 by roughly 28%. Q2 revenue reached $9.56 billion, surging 41% year-over-year and significantly exceeding the $8.61 billion analyst expectation.

The company also raised its full-year revenue guidance to $39.3–$39.7 billion, well above the prior market consensus of approximately $35 billion, and lifted its adjusted EPS outlook to $16.45–$16.95 versus the Street estimate of $14.01. It is worth noting that JPMorgan had previously downgraded the stock to Neutral from Overweight and trimmed its price target to $714 from $805, though the average analyst rating remains Overweight with a mean target of $803.46.

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