Bank of America analyst Rafe Jadrosich has revised the price target for D.R. Horton (DHI, Financial), reducing it from $150 to $125. Despite the adjustment, the analyst maintains a Neutral rating for the stock.
This recalibration is part of a broader strategy by the firm to lower price targets for homebuilders within its coverage. The move comes as a response to declining demand and increased incentives in the housing market.
The firm anticipates that these challenging conditions will persist, potentially impacting the homebuilding sector through the latter half of 2025. The ongoing softness in demand represents a significant factor influencing these assessments and adjustments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for D.R. Horton Inc (DHI, Financial) is $163.95 with a high estimate of $220.00 and a low estimate of $120.00. The average target implies an upside of 37.85% from the current price of $118.93. More detailed estimate data can be found on the D.R. Horton Inc (DHI) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, D.R. Horton Inc's (DHI, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for D.R. Horton Inc (DHI, Financial) in one year is $136.17, suggesting a upside of 14.5% from the current price of $118.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the D.R. Horton Inc (DHI) Summary page.
