Citizens JMP has revised D.R. Horton's (DHI, Financial) price target down to $180 from a previous $210, while maintaining an Outperform rating for the stock. This adjustment reflects changing market conditions, particularly those affecting the housing sector during the second quarter.
According to the firm's analysis, affordability issues and the impact of the Trump administration's tariff policies have diminished demand, resulting in a challenging environment for homebuilders with a smaller pool of potential buyers. Citizens highlights that the U.S. is currently underbuilding in terms of housing supply. Despite this, the anticipated decline in new apartment projects later this year suggests that demand for homes could still be sufficient to support builders like D.R. Horton, even as the market faces headwinds from tariffs and affordability concerns.
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 $156.08 with a high estimate of $220.00 and a low estimate of $105.00. The average target implies an upside of 28.73% from the current price of $121.25. 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 $137.09, suggesting a upside of 13.06% from the current price of $121.25. 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.
