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Lennar (LEN) Stock Forecast & Price Target

Lennar logo
$169.17 +1.10 (+0.65%)
(As of 11/22/2024 ET)

Lennar - 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
2
Hold
10
Buy
8

Based on 20 Wall Street analysts who have issued ratings for Lennar in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 2 have given a sell rating, 10 have given a hold rating, and 8 have given a buy rating for LEN.

Consensus Price Target

$180.56
6.73% Upside
According to the 20 analysts' twelve-month price targets for Lennar, the average price target is $180.56. The highest price target for LEN is $236.00, while the lowest price target for LEN is $117.00. The average price target represents a forecasted upside of 6.73% from the current price of $169.17.
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LEN Analyst Ratings Over Time

TypeCurrent Forecast
11/24/23 to 11/23/24
1 Month Ago
10/25/23 to 10/24/24
3 Months Ago
8/26/23 to 8/25/24
1 Year Ago
11/24/22 to 11/24/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
11 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$180.56$181.11$169.13$133.82
Forecasted Upside6.73% Upside2.94% Upside-8.59% Downside4.85% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

LEN 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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LEN 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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Lennar Stock vs. The Competition

TypeLennarConstruction CompaniesS&P 500
Consensus Rating Score
2.30
2.62
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside6.73% Upside8.45% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent LEN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024Wells Fargo & Company
3 of 5 stars
S. Reid
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Lower TargetEqual Weight ➝ Equal Weight$190.00 ➝ $180.00+5.62%
9/25/2024JMP Securities
2 of 5 stars
 Boost TargetMarket Outperform ➝ Market Outperform$170.00 ➝ $210.00+13.97%
9/23/2024Evercore ISI
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$240.00 ➝ $236.00+27.54%
9/23/2024Citigroup
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A. Pettinari
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Boost TargetNeutral ➝ Neutral$164.00 ➝ $196.00+5.89%
9/23/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$154.00 ➝ $173.00-6.21%
9/23/2024Barclays
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 Boost TargetOverweight ➝ Overweight$177.00 ➝ $210.00+13.85%
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9/23/2024Royal Bank of Canada
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 Boost TargetUnderperform ➝ Underperform$145.00 ➝ $160.00-13.18%
9/23/2024Zelman & Associates
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I. Zelman
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UpgradeNeutral ➝ Outperform
9/20/2024Bank Of America (Bofa)
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 Boost TargetNeutral ➝ Neutral$171.00 ➝ $190.00+3.18%
9/20/2024Wedbush
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J. Mccanless
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Reiterated RatingNeutral ➝ Neutral$144.00 ➝ $144.00-25.18%
9/19/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$171.00 ➝ $190.00-0.95%
9/4/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$183.00 ➝ $230.00+29.46%
7/22/2024The Goldman Sachs Group
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S. Maklari
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DowngradeBuy ➝ Neutral$180.00 ➝ $174.00+1.79%
7/2/2024Raymond James
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B. Horne
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DowngradeOutperform ➝ Market Perform
6/27/2024Argus
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C. Graja
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Boost TargetBuy ➝ Buy$175.00 ➝ $180.00+20.90%
6/20/2024BTIG Research
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 Lower TargetBuy ➝ Buy$177.00 ➝ $175.00+17.86%
3/15/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
3/15/2024UBS Group
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 Boost TargetBuy ➝ Buy$190.00 ➝ $198.00+26.35%
3/14/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetSell ➝ Sell$110.00 ➝ $122.00-23.23%
11/27/2023Jefferies Financial Group
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 Initiated CoverageHold$117.00-8.33%
6/14/2023Seaport Res Ptn
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K. Zener
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Reiterated RatingBuy
3/16/2023Credit Suisse Group
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 Boost TargetNeutral$88.00 ➝ $96.00-4.18%
12/16/2022KeyCorp
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 Boost TargetOverweight$100.00 ➝ $110.00+16.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:08 AM ET.


Should I Buy Lennar Stock? LEN 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 Wednesday, November 6, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

Lennar
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Lennar Co.:

  • Lennar Co. has a current stock price of $182.25, showing stability and potential for growth in the market.
  • Lennar Co. reported strong quarterly earnings, beating the consensus estimate and showcasing financial health.
  • Institutional investors have been increasing their positions in Lennar Co., indicating confidence in the company's future performance.
  • Wall Street analysts have issued positive ratings and price target increases for Lennar Co., signaling optimism in its prospects.
  • Lennar Co. announced a quarterly dividend, providing potential income for investors through dividends.

Lennar
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Lennar Co. for these reasons:

  • Some equities analysts have issued hold ratings on Lennar Co., suggesting uncertainty in its short-term performance.
  • Lennar Co. has received a few target price reductions from analysts, indicating potential challenges in the market.
  • There have been sell ratings on Lennar Co. from a couple of research analysts, highlighting concerns about its future growth.
  • Market conditions and economic uncertainties could impact the construction industry, affecting Lennar Co.'s operations and profitability.
  • Investing in the real estate sector, where Lennar Co. operates, carries inherent risks related to market fluctuations and regulatory changes.

LEN Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Lennar is $180.56, with a high forecast of $236.00 and a low forecast of $117.00.

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lennar in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LEN, but not buy additional shares or sell existing shares.

According to analysts, Lennar's stock has a predicted upside of 6.73% based on their 12-month stock forecasts.

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

Analysts like Lennar less than other "construction" companies. The consensus rating for Lennar is Hold while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how LEN compares to other companies.


This page (NYSE:LEN) was last updated on 11/23/2024 by MarketBeat.com Staff
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