Oppenheimer Initiates Coverage on Sterling Infrastructure (NASDAQ:STRL) with 'Outperform' Rating and Strong Price Target

• Oppenheimer initiated coverage on Sterling Infrastructure (NASDAQ:STRL) with an "Outperform" rating and a new price target of $950.00, indicating a potential upside of 21.46%.
• The company boasts a strong average brokerage recommendation of 1.29, reflecting a consensus between "Strong Buy" and "Buy."
• Growth in AI data center construction is a significant catalyst, with Sterling Infrastructure anticipating 2026 revenues between $3.7 billion and $3.8 billion.

Sterling Infrastructure is an infrastructure company that specializes in large-scale projects. On May 28, 2026, Oppenheimer analyst Brent Thielman initiated coverage on STRL. The analyst gave the stock an "Outperform" rating, which suggests it is expected to perform better than the overall market.

Thielman also set a new price target of $950.00 for STRL. At the time the rating was published, the stock's price was $782.12. This new target represents a potential upside, or an increase in value, of 21.46% from that price level.

This optimistic outlook is shared by other market watchers. STRL has an average brokerage recommendation of 1.29 on a scale of one to five, placing it between a "Strong Buy" and a "Buy." This is based on ratings from seven firms, with six of them issuing a "Strong Buy."

A major reason for this positive sentiment is the growth in AI data center construction. As highlighted by Zacks Investment Research, Sterling Infrastructure anticipates its 2026 revenues will be between $3.7 billion and $3.8 billion, driven by this demand. The global market for these projects is expected to grow significantly.

The company's stock has performed strongly over the past year. It has traded within a 52-week range between a low of $183.40 and a high of $893.13. Sterling Infrastructure currently has a market capitalization of approximately $24 billion.