BofA raised the firm’s price target on Dycom (DY) to $250 from $210 and keeps a Buy rating on the shares after fiscal Q1 results that beat BofA and the Street estimates in part due to outsized revenues from the company’s Black and Veatch acquisition in 2024. Dycom remains exposed to multiple long-term vectors, which continue to grow, says BofA, which views the AT&T (T) and Lumen (LUMN) transaction positively for Dycom and says the stock remains the analyst’s top 2025 SMID cap pick.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>

>;elm:context_link;itc:0;sec:content-canvas" href="https://www.tipranks.com/screener/analysts-top-stocks/?type=stockAnalysisLanding&utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">See the top stocks recommended by analysts >>

Read More on DY:

Disclaimer & DisclosureReport an Issue

• Dycom’s Strong Financial Performance and Growth Potential: A Buy Recommendation by Alexander Waters

• Dycom Industries Exceeds Expectations in Earnings Call

• Dycom Highlights Strong Fiscal 2025 Financial Performance

• Dycom price target raised to $255 from $215 at Raymond James

• Dycom price target raised to $258 from $234 at UBS