09:49 AM EST, 01/08/2025 (MT Newswires) -- NV5 (NVEE) shares were up 2.1% Wednesday morning after the company said it is targeting to reach $1.6 billion in annual revenue by 2028.

The environmental consulting services firm said it started this year with a budget of over $1 billion in gross revenue.

The revenue target is expected to be driven "by organic growth" of the company's "existing capabilities," together with "investments in strategic acquisitions in tech-based solutions and high-growth sectors," said NV5 Chief Executive Ben Heraud.

Price: 18.77, Change: +0.27, Percent Change: +1.46