Barclays has revised its price target for PulteGroup (PHM, Financial) from $100 to $98, maintaining an Equal Weight rating on the stock. Analyst Matthew Bouley highlights PulteGroup's strategic focus on balancing margin and pace, which has contributed to a stronger than expected gross margin performance in the first quarter.
However, there are concerns going forward, as both the company's volume and margin are projected to decline. The outlook remains uncertain with no clear signs of stabilization in the near future, according to the analyst's latest report. Investors are advised to consider these factors when evaluating PulteGroup's potential performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for PulteGroup Inc (PHM, Financial) is $125.80 with a high estimate of $165.00 and a low estimate of $98.00. The average target implies an upside of 24.69% from the current price of $100.89. More detailed estimate data can be found on the PulteGroup Inc (PHM) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, PulteGroup Inc's (PHM, 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 PulteGroup Inc (PHM, Financial) in one year is $92.78, suggesting a downside of 8.04% from the current price of $100.89. 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 PulteGroup Inc (PHM) Summary page.
