Matrix Service

MTRX · NASDAQ

$10.09−$0.12 (−1.18%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $10.21

MTRX analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $16.32 (+61.7% upside)

Low: $16.16
Now: $10.09
High: $16.80

Upgrades and downgrades

The latest rating actions, newest first

MTRX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Feb 6, 2026	Maintains	Buy	$17.00	72%
DA Davidson	Nov 11, 2025	Maintains	Buy	$17.00	72%

The case for and against

Updated Apr 28, 2026

Bull case

Matrix Service is expecting a positive turn for the company with the announcement of a new CEO, Shawn Payne, as well as gradual improvement in results and a strong pipeline of upcoming projects in the power and natural gas markets. With a reaffirmation of revenue guidance and a large opportunity pipeline, Matrix Service has the potential for consistent profitability in the future. However, potential risks include economic conditions and project timing and execution, which could impact the company's performance.

Bear case

Matrix Service is facing challenges in their Storage and Terminal Solutions segment due to a decrease in backlog, while their Process and Industrial Facilities segment has seen an increase in revenue but is still facing low segment GM. Additionally, the company's Utility and Power Infrastructure segment has sustained higher margins but is approaching the low-end of their long-term margin targets. With mixed results and project cancelations, it is uncertain if the company will be able to achieve profitability in the near future, despite their promising market exposures, resulting in a negative outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.