
Dycom faces a high bar for Q2 earnings amid cooling AI sentiment and retains a Sell rating with a $290 price target. Despite strong historical growth and a robust backlog, DY's valuation remains elevated at 14.1x EV/EBITDA versus a justified 10-11x multiple. Q2 results are expected to beat consensus, but any lack of sequential backlog acceleration or margin expansion could drive downside.










