Cantor Fitzgerald Highlights Centuri (CTRI) Amid Robust Sector Investment Cycle

Centuri Holdings Inc. (NYSE:CTRI) is one of the best IPO stocks to buy right now. On January 23, Manish Somaiya of Cantor Fitzgerald initiated coverage on Centuri with an Overweight rating and a $34 price target. This adjustment was made as the firm cited a robust multi-year investment cycle in the Engineering & Construction sector.

This growth is driven by grid modernization, electrification, energy transition efforts, and increased power demand from data centers and reshoring, which together provide record backlogs and long-term revenue visibility. Cantor Fitzgerald highlighted Centuri’s highly recurring, MSA-driven utility revenue and accelerating electric growth, and noted that rapid post-spin deleveraging supports significant valuation upside.

Furthermore, on January 7, Wells Fargo analyst Joseph O’Dea increased the firm’s price target for Centuri Holdings Inc. (NYSE:CTRI) to $30 from $25 with an Overweight rating. In a review of the Electrical Equipment & Multi-Industry sector, the firm noted that it expects initial 2026 guidance ranges to be largely underwhelming, attributing this to a cautious approach in setting market expectations.

Centuri Holdings Inc. (NYSE:CTRI) operates as a utility infrastructure services company in North America. The company has four segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services.

While we acknowledge the potential of CTRI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.