Bank of America has adjusted its price target for TopBuild Corp (BLD, Financial), reducing it to $327 from the previous $372, while maintaining a Buy rating on the stock. This revision aligns with broader adjustments within the building products sector, prompted by several economic factors.
The financial institution has modified its forecasts for 2025 and 2026 for companies within this sector by approximately 4% and 6%, respectively. This decision reflects anticipated declines in renovation and remodeling activities, coupled with slower growth in new construction projects. Additionally, potential ramifications from tariffs are also weighing on projections.
Overall, Bank of America has lowered price targets across the group of companies it covers in this industry by an average of 17%, highlighting the challenges currently facing the building products market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for TopBuild Corp (BLD, Financial) is $381.27 with a high estimate of $440.00 and a low estimate of $340.00. The average target implies an upside of 36.78% from the current price of $278.75. More detailed estimate data can be found on the TopBuild Corp (BLD) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, TopBuild Corp's (BLD, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" 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 TopBuild Corp (BLD, Financial) in one year is $311.59, suggesting a upside of 11.78% from the current price of $278.75. 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 TopBuild Corp (BLD) Summary page.
