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D.R. Horton (DHI) Stock Forecast & Price Target

D.R. Horton logo
$174.16 +10.63 (+6.50%)
(As of 08:15 PM ET)

D.R. Horton - 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

Sell
1
Hold
6
Buy
9

Based on 16 Wall Street analysts who have issued ratings for D.R. Horton in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 1 has given a sell rating, 6 have given a hold rating, and 9 have given a buy rating for DHI.

Consensus Price Target

$185.87
6.72% Upside
According to the 16 analysts' twelve-month price targets for D.R. Horton, the average price target is $185.87. The highest price target for DHI is $215.00, while the lowest price target for DHI is $145.00. The average price target represents a forecasted upside of 6.72% from the current price of $174.16.
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DHI Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
10 Buy rating(s)
10 Buy rating(s)
13 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$185.87$185.67$182.07$135.71
Forecasted Upside6.72% Upside3.59% Upside-2.94% Downside6.45% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

DHI 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.
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DHI 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.
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D.R. Horton Stock vs. The Competition

TypeD.R. HortonConstruction CompaniesS&P 500
Consensus Rating Score
2.50
2.62
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside13.66% Upside8.45% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent DHI News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024Raymond James
4 of 5 stars
B. Horne
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DowngradeOutperform ➝ Market Perform
11/4/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$180.00 ➝ $188.00+11.57%
10/31/2024Barclays
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$200.00 ➝ $192.00+13.86%
10/30/2024Citigroup
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A. Pettinari
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Lower TargetNeutral ➝ Neutral$186.00 ➝ $185.00+8.63%
10/30/2024BTIG Research
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 Lower TargetBuy ➝ Buy$190.00 ➝ $186.00+9.21%
10/30/2024Royal Bank of Canada
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 Lower TargetUnderperform ➝ Underperform$154.00 ➝ $145.00-14.95%
10/30/2024UBS Group
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 Lower TargetBuy ➝ Buy$217.00 ➝ $214.00+25.73%
10/30/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$218.00 ➝ $204.00+19.85%
10/30/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$220.00 ➝ $190.00+11.63%
10/15/2024Wedbush
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J. Mccanless
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UpgradeUnderperform ➝ Neutral$165.00-11.82%
9/19/2024Bank of America
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 Boost TargetBuy ➝ Buy$196.00 ➝ $215.00+9.15%
7/23/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$178.00 ➝ $208.00+17.37%
7/19/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$170.00 ➝ $210.00+21.09%
4/19/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$141.00 ➝ $153.00+6.67%
1/22/2024Seaport Res Ptn
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K. Zener
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DowngradeBuy ➝ Neutral
1/11/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$150.00 ➝ $173.00+11.96%
7/24/2023Argus
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 Boost TargetBuy$135.00 ➝ $145.00+13.03%
7/21/2023Credit Suisse Group
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 Reiterated RatingNeutral ➝ Neutral$120.00-4.30%
5/31/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageBuy$150.00+40.40%
3/22/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
1/26/2023KeyCorp
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 Boost TargetOverweight$97.00 ➝ $109.00+14.16%
1/18/2023Oppenheimer
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 Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:26 PM ET.


Should I Buy D.R. Horton Stock? DHI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these D.R. Horton pros and cons to contact@marketbeat.com.

D.R. Horton
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in D.R. Horton, Inc.:

  • D.R. Horton, Inc. recently increased its quarterly dividend from $0.30 to $0.40 per share, reflecting a commitment to returning value to shareholders. This increase represents a 33.33% rise, which can be attractive for income-focused investors.
  • The current stock price is $161.45, which is significantly below its 52-week high of $199.85, suggesting potential for price appreciation as the market recovers.
  • The company has a strong financial position, evidenced by a low debt-to-equity ratio of 0.23, indicating that it is not heavily reliant on debt to finance its operations, which can reduce financial risk.
  • With a return on equity of 19.24%, D.R. Horton, Inc. demonstrates effective management in generating profits from shareholders' equity, which is a positive indicator of financial health.
  • Analysts have a consensus rating of "Hold" with a target price of $185.87, suggesting that there is room for growth in the stock price based on current valuations.

D.R. Horton
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in D.R. Horton, Inc. for these reasons:

  • The company reported earnings per share (EPS) of $3.92 for the latest quarter, missing analysts' expectations of $4.17, which may indicate challenges in meeting growth targets.
  • Quarterly revenue decreased by 4.7% compared to the same period last year, which could signal a decline in demand or market share, raising concerns about future performance.
  • Despite a strong financial position, the company has a relatively low dividend payout ratio of 11.14%, which may limit future dividend increases and could be a concern for income investors.
  • Some analysts have issued a sell rating, indicating that there are differing opinions on the stock's future performance, which can create uncertainty for potential investors.
  • The stock has a beta of 1.74, suggesting higher volatility compared to the market, which could lead to larger price swings and increased risk for investors.

DHI Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for D.R. Horton is $185.87, with a high forecast of $215.00 and a low forecast of $145.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for D.R. Horton in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DHI shares.

According to analysts, D.R. Horton's stock has a predicted upside of 6.72% based on their 12-month stock forecasts.

Over the previous 90 days, D.R. Horton's stock had 1 upgrade and 1 downgrade by analysts.

D.R. Horton has been rated by research analysts at Bank of America, Barclays, BTIG Research, Citigroup, Evercore ISI, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.

Analysts like D.R. Horton less than other "construction" companies. The consensus rating score for D.R. Horton is 2.50 while the average consensus rating score for "construction" companies is 2.61. Learn more on how DHI compares to other companies.


This page (NYSE:DHI) was last updated on 11/25/2024 by MarketBeat.com Staff
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