On October 10, Quanta rose 3.04% in regular trading, trading at $706.155/share, with Turnover of $2.32 billion.

The movement follows a short-term rebound after recent profit-taking pressure triggered by Mizuho Securities lowering its price target on the company to $684 from $741. Despite the target adjustment, broader sell-side sentiment remains constructive, with Truist maintaining a Buy rating on Quanta and setting a price target of $945, well above the current trading level.

Fundamentals remain supportive, as the company's second-quarter results showed adjusted earnings per share of $4.24, significantly exceeding the consensus estimate of $3.30, while revenue of $9.56 billion also came in well ahead of expectations. Full-year guidance was raised accordingly, reinforcing the positive operating backdrop.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)