LGI Homes (LGIH) Stock Forecast & Price Target

$112.10

+2.84 (+2.60%)

(As of 10/11/2024 08:50 PM ET)

LGI Homes - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
1

Hold
2

Buy
1

Based on 4 Wall Street analysts who have issued ratings for LGI Homes in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 1 has given a sell rating, 2 have given a hold rating, and 1 has given a buy rating for LGIH.

Consensus Price Target

$126.00
12.40% Upside

According to the 4 analysts' twelve-month price targets for LGI Homes, the average price target is $126.00. The highest price target for LGIH is $160.00, while the lowest price target for LGIH is $93.00. The average price target represents a forecasted upside of 12.40% from the current price of $112.10.

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LGIH Analyst Ratings Over Time

Type	Current Forecast 10/15/23 to 10/14/24	1 Month Ago 9/15/23 to 9/14/24	3 Months Ago 7/17/23 to 7/16/24	1 Year Ago 10/15/22 to 10/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$126.00	$126.00	$107.50	$116.25
Forecasted Upside	12.40% Upside	10.07% Upside	0.25% Upside	24.20% Upside
Consensus Rating	Hold	Hold	Reduce	Hold

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LGIH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LGIH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

LGI Homes Stock vs. The Competition

Type	LGI Homes	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	12.40% Upside	12.64% Upside	6.89% Upside
News Sentiment Rating	Positive News See Recent LGIH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Wedbush 3 of 5 stars	J. Mccanless Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$125.00 ➝ $125.00	+10.13%
7/10/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$95.00 ➝ $93.00	+5.63%
4/5/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Outperform ➝ Market Outperform	$160.00	+58.43%
11/20/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Zener Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/2/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:21 AM ET.

LGIH Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for LGI Homes is $126.00, with a high forecast of $160.00 and a low forecast of $93.00.
: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LGIH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LGIH, but not buy additional shares or sell existing shares.
: According to analysts, LGI Homes's stock has a predicted upside of 12.40% based on their 12-month stock forecasts.
: Over the previous 90 days, LGI Homes's stock had 1 upgrade by analysts.
: LGI Homes has been rated by research analysts at Wedbush in the past 90 days.
: Analysts like LGI Homes less than other "finance" companies. The consensus rating score for LGI Homes is 2.00 while the average consensus rating score for "finance" companies is 2.47. Learn more on how LGIH compares to other companies.