Bank of America analyst Rafe Jadrosich has revised the price target for NVR Inc. (NVR, Financial), bringing it down to $8,000 from a previous target of $8,400. The adjustment comes in response to the company's first-quarter earnings per share (EPS), which fell short of expectations.
Despite the lowered price target, Jadrosich maintains a Buy rating for NVR shares. The analyst's outlook reflects a tempered growth projection, as the firm's expectations for revenue expansion through 2025 have been adjusted downward by 5% following the earnings report.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for NVR Inc (NVR, Financial) is $8,450.00 with a high estimate of $8,900.00 and a low estimate of $8,000.00. The average target implies an upside of 17.90% from the current price of $7,166.92. More detailed estimate data can be found on the NVR Inc (NVR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, NVR Inc's (NVR, Financial) average brokerage recommendation is currently 2.7, 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 NVR Inc (NVR, Financial) in one year is $6568.62, suggesting a downside of 8.35% from the current price of $7166.92. 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 NVR Inc (NVR) Summary page.
