UBS analyst John Lovallo has revised his outlook for PulteGroup (PHM, Financial), reducing the firm's price target from $151 to $141, while maintaining a Buy rating on the company’s stock. Despite the reduction, Lovallo acknowledges PulteGroup's strong performance and ability to navigate the current difficult market conditions.
In his latest research note, the analyst highlights that PulteGroup's execution remains solid even as the broader market experiences volatility. This reassessment underscores the company's resilience and adept management amidst industry-wide challenges.
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.
