BTIG has adjusted its price target for D.R. Horton (DHI, Financial), decreasing it from $150 to $147 while maintaining a Buy rating on the stock. This revision follows the company's second-quarter earnings, which slightly exceeded expectations. Despite the positive earnings result, the margin outlook provided a mixed picture, partly alleviating concerns.
The reduced price target reflects a more cautious stance on both sales volume and gross margins, as D.R. Horton faces increased pressure from material costs. This adjustment suggests that the impact of rising costs on profitability might be more substantial than initially anticipated. Investors were informed of these considerations through a research note issued by a BTIG analyst.
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.
