Following the results, a wave of analyst revisions followed. TD Cowen raised its price target to $785 from $775 with a Buy rating. Mizuho lifted its target to $741 from $659 while maintaining a Neutral rating. Truist Financial reiterated a Buy rating and raised its target to $976 from $940. Bernstein moved its target to $748 from $725 but kept a Market Perform rating. Guggenheim upgraded to Buy from Neutral with an $800 target. According to MarketBeat data compiled in early August, 20 analysts rate the stock a Buy, eight a Hold, and three a Sell, with a consensus Moderate Buy rating and an average price target of $765.48.
Shares traded around $683–$690 in early August, up roughly 23% over the prior five days and nearly 64% year to date. The stock carries a market capitalization of approximately $102.8 billion, a P/E ratio of 78.35, a PEG ratio of 2.27, and a beta of 1.23. Quanta's debt-to-equity ratio stands at 0.56, with a current ratio of 1.10 and a quick ratio of 1.05.