RBC Capital analyst Mike Dahl has adjusted the price target for PulteGroup (PHM, Financial), reducing it from $116 to $109. Despite the adjustment, the Sector Perform rating for the company's shares remains unchanged. This update follows PulteGroup's relatively stable performance in the first quarter and its fiscal year 2025 gross margin guidance.
The management at PulteGroup has emphasized prioritizing pricing over the speed of operations amidst the current market conditions, which have become increasingly unpredictable since April. Dahl notes that there are ongoing concerns related to both the company's delivery targets and margin forecasts, reflecting the challenges posed by the volatile environment.
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 20.19% from the current price of $104.66. 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 11.35% from the current price of $104.66. 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.
