Bank of America analyst Rafe Jadrosich has revised the price target for Owens Corning (OC, Financial), reducing it from $214 to $162, while maintaining a Buy rating on the stock. This adjustment is part of a broader revision in the firm's forecasts for the building products sector, which anticipates a decline in renovation and remodeling activities, a slowdown in new construction projects, and potential tariff implications.
The firm has also lowered its 2025 and 2026 forecasts for this sector by approximately 4% and 6%, respectively. On average, price targets across the building products group under its coverage have been reduced by about 17%. These changes reflect a cautious outlook as the industry grapples with various economic pressures.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Owens-Corning Inc (OC, Financial) is $185.60 with a high estimate of $235.00 and a low estimate of $155.00. The average target implies an upside of 38.42% from the current price of $134.08. More detailed estimate data can be found on the Owens-Corning Inc (OC) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Owens-Corning Inc's (OC, Financial) average brokerage recommendation is currently 2.2, 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 Owens-Corning Inc (OC, Financial) in one year is $154.89, suggesting a upside of 15.52% from the current price of $134.08. 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 Owens-Corning Inc (OC) Summary page.
