Construction Partners

ROAD · NASDAQ

$84.38+$1.21 (+1.45%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $83.17

ROAD analyst rating

BuyConsensus of 6 analysts over the last 12 months. 67% rate it a buy.

Strong buy1
Buy3
Hold2
Underperform0
Sell0

12-month price target · 10 analysts

Average $143.98 (+70.6% upside)

Low: $131.30
Now: $84.38
High: $173.25

Upgrades and downgrades

The latest rating actions, newest first

ROAD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Oct 16, 2026	Maintains	Strong Buy	$150.00 → $145.00	68%
Baird	Aug 10, 2026	Maintains	Outperform	$145.00 → $141.00	66%
Raymond James	Jul 15, 2026	Maintains	Strong Buy	$161.00 → $150.00	68%
Baird	Jul 1, 2026	Maintains	Outperform	$169.00 → $145.00	66%
Truist Securities	Jun 3, 2026	Initiates	Hold	$130.00	53%
Baird	May 11, 2026	Maintains	Outperform	$129.00 → $169.00	66%
B. Riley Securities	Apr 2, 2026	Upgrade	Neutral → Buy	$117.00 → $135.00	47%
DA Davidson	Feb 6, 2026	Maintains	Neutral	$120.00 → $130.00	72%
B. Riley Securities	Jan 16, 2026	Initiates	Neutral	$117.00	47%
DA Davidson	Nov 21, 2025	Maintains	Neutral	$120.00	72%

The case for and against

Updated Jul 24, 2026

Bull case

Construction Partners is a company that has seen strong financial performance due to its focus on road construction in Southeastern states, where there is high demand for infrastructure projects. The company's strategy of pursuing acquisitions and targeting states with substantial transportation funds has contributed to its success. However, uncertainties such as the successor IIJA bill and asphalt inflation may impact the company's margins in the future. Despite these potential challenges, Construction Partners is well-positioned for further growth in the highly fragmented asphalt market, evident from its strong backlog and bidding data.

Bear case

Construction Partners is a civil infrastructure company that operates across multiple states in the Southeastern United States, primarily focused on road construction and maintenance. While the company has seen significant revenue and margin expansion in recent years, its premium valuation and reliance on macro and industry tailwinds could pose risks to its future growth. In addition, the company's acquisition-focused growth strategy introduces the potential for integration and execution risks. Severe weather and climate-related events also present downside risks for the company's operations and financial performance.

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.