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

$163.53 +1.67 (+1.03%)

(As of 11/22/2024 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

Moderate Buy

Based on 16 Analyst Ratings

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
13.66% 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 13.66% from the current price of $163.53.

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DHI Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
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 Upside	13.66% Upside	3.59% Upside	-3.70% Downside	6.45% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

D.R. Horton Stock vs. The Competition

Type	D.R. Horton	Construction Companies	S&P 500
Consensus Rating Score	2.50	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.66% Upside	8.45% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent DHI 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
11/7/2024	Raymond James 4 of 5 stars	B. Horne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
11/4/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$180.00 ➝ $188.00	+11.57%
10/31/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$200.00 ➝ $192.00	+13.86%
10/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Pettinari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$186.00 ➝ $185.00	+8.63%
10/30/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$190.00 ➝ $186.00	+9.21%
10/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$154.00 ➝ $145.00	-14.95%
Get the Latest News and Ratings for DHI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for D.R. Horton and its competitors with MarketBeat's FREE daily newsletter.
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$217.00 ➝ $214.00	+25.73%
10/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$218.00 ➝ $204.00	+19.85%
10/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$220.00 ➝ $190.00	+11.63%
10/15/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccanless Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$165.00	-11.82%
9/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$196.00 ➝ $215.00	+9.15%
7/23/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$178.00 ➝ $208.00	+17.37%
7/19/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$170.00 ➝ $210.00	+21.09%
4/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$141.00 ➝ $153.00	+6.67%
1/22/2024	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
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $173.00	+11.96%
7/24/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$135.00 ➝ $145.00	+13.03%
7/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$120.00	-4.30%
5/31/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$150.00	+40.40%
3/22/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
1/26/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$97.00 ➝ $109.00	+14.16%
1/18/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:34 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

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

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 research analysts have issued "buy," "hold," and "sell" ratings for D.R. Horton in the last year. There is currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DHI shares.
: According to analysts, D.R. Horton's stock has a predicted upside of 13.66% 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 2.62. Learn more on how DHI compares to other companies.

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This page (NYSE:DHI) was last updated on 11/24/2024 by MarketBeat.com Staff

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