Lennar (LEN) Stock Forecast & Price Target

$175.00 +1.60 (+0.92%)

(As of 09:02 AM 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

Hold

Based on 19 Analyst Ratings

Sell
2

Hold
9

Buy
8

Based on 19 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 19 analysts, 2 have given a sell rating, 9 have given a hold rating, and 8 have given a buy rating for LEN.

Consensus Price Target

$184.29
5.31% Upside

According to the 19 analysts' twelve-month price targets for Lennar, the average price target is $184.29. The highest price target for LEN is $236.00, while the lowest price target for LEN is $122.00. The average price target represents a forecasted upside of 5.31% from the current price of $175.00.

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LEN Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
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	9 Hold rating(s)	10 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$184.29	$181.11	$169.13	$132.89
Forecasted Upside	5.31% Upside	4.03% Upside	-6.34% Downside	5.42% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Lennar Stock vs. The Competition

Type	Lennar	Construction Companies	S&P 500
Consensus Rating Score	2.32	2.61	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	6.31% Upside	7.19% Upside	6.73% Upside
News Sentiment Rating	Positive News See Recent LEN 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	Wells Fargo & Company 3 of 5 stars	S. Reid Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$190.00 ➝ $180.00	+5.62%
9/25/2024	JMP Securities 2 of 5 stars		Boost Target	Market Outperform ➝ Market Outperform	$170.00 ➝ $210.00	+13.97%
9/23/2024	Evercore ISI 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$240.00 ➝ $236.00	+27.54%
9/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Pettinari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$164.00 ➝ $196.00	+5.89%
9/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$154.00 ➝ $173.00	-6.21%
9/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$177.00 ➝ $210.00	+13.85%
Get the Latest News and Ratings for LEN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Lennar and its competitors with MarketBeat's FREE daily newsletter.
9/23/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$145.00 ➝ $160.00	-13.18%
9/23/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Zelman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform
9/20/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$171.00 ➝ $190.00	+3.18%
9/20/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccanless Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$144.00 ➝ $144.00	-25.18%
9/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$171.00 ➝ $190.00	-0.95%
9/4/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$183.00 ➝ $230.00	+29.46%
7/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Maklari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$180.00 ➝ $174.00	+1.79%
7/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Horne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
6/27/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Graja Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$175.00 ➝ $180.00	+20.90%
6/20/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$177.00 ➝ $175.00	+17.86%
3/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
3/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $198.00	+26.35%
3/14/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$110.00 ➝ $122.00	-23.23%
11/27/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$117.00	-8.33%
6/14/2023	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	Reiterated Rating	Buy
3/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$88.00 ➝ $96.00	-4.18%
12/16/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$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 Wednesday at 09:31 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 Sunday, November 24, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

Lennar
Bull Case

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

Recent institutional interest is strong, with Okabena Investment Services Inc. purchasing a new position valued at approximately $560,000, indicating confidence in the company's future performance.
Lennar Co. has seen a significant increase in stock price, currently trading at $169.17, reflecting positive market sentiment and potential for further growth.
Analyst upgrades have been frequent, with several brokerages raising their price targets, such as Citigroup increasing it from $164.00 to $196.00, suggesting a bullish outlook on the stock's performance.
Institutional ownership stands at 81.10%, which often indicates stability and confidence in the company's management and business model.
The company has a solid track record, with a 52-week high of $193.80, showcasing its ability to perform well in the market.

Lennar
Bear Case

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

Despite recent upgrades, some analysts have rated the stock as "underperform," indicating potential concerns about its future performance compared to the market.
Charles Schwab Investment Management Inc. recently sold 7,031 shares, which could signal a lack of confidence from significant investors regarding the stock's short-term prospects.
Insider selling has occurred, with Director Jeffrey Sonnenfeld selling 17,500 shares, which may raise concerns about the company's future direction and insider confidence.
The stock's current price is below its 50-day moving average of $178.07, which could indicate a bearish trend and potential volatility in the near term.
With a consensus target price of $180.56, the current stock price suggests limited upside potential, which may deter some investors looking for significant gains.

LEN Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Lennar is $184.29, with a high forecast of $236.00 and a low forecast of $122.00.
: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lennar in the last year. There are currently 2 sell ratings, 9 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 5.31% based on their 12-month stock forecasts.
: Over the previous 90 days, Lennar's stock had 1 upgrade and 1 downgrade by analysts.
: Lennar has been rated by research analysts at Bank Of America (Bofa), Bank of America, Barclays, Citigroup, Evercore ISI, JMP Securities, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Royal Bank of Canada, Wedbush, Wells Fargo & Company, and Zelman & Associates in the past 90 days.
: 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.

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This page (NYSE:LEN) was last updated on 11/27/2024 by MarketBeat.com Staff

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Lennar (LEN) Stock Forecast & Price Target