10 AI Stocks Gaining Momentum Right Now

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8. Quanta Services, Inc. (NYSE:PWR)

Number of Hedge Fund Holders: 67

Quanta Services, Inc. (NYSE:PWR) is an infrastructure company that provides solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries.

On February 25, BMO upgraded Quanta Services to “Outperform” from Market Perform with a revised price target of $316, down from $338. The firm stated that investors should buy the dip in the infrastructure company.

“Recent pullback on power and related infrastructure offers attractive opportunity to lean into PWR.”

Besides BMO, Roth MKM is also bullish on Quanta, having initiated coverage of the stock with a “Buy” rating and a $350 price target. The analysts told investors in a research note that Quanta is an engineering, procurement, and construction company offering infrastructure solutions, and it is best positioned for data centers and artificial intelligence.

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