Forestar Group (FOR) Stock Forecast, Price Target & Predictions
FOR Stock Forecast
Forestar Group stock forecast is as follows: an average price target of $19.25 (represents a -39.26% downside from FOR’s last price of $31.69) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
FOR Price Target
The average price target for Forestar Group (FOR) is $19.25 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $13.50. This represents a potential -39.26% downside from FOR's last price of $31.69.
FOR Analyst Ratings
According to 8 Wall Street analysts, Forestar Group's rating consensus is 'Buy'. The analyst rating breakdown for FOR stock is 0 'Strong Buy' (0.00%), 8 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Forestar Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2022 | - | J.P. Morgan | $13.50 | $14.05 | -3.91% | -57.40% |
| Apr 28, 2022 | - | Citigroup | $25.00 | $16.16 | 54.70% | -21.11% |
The latest Forestar Group stock forecast, released on Nov 15, 2022 by J.P. Morgan company, set a price target of $13.50, which represents a -3.91% decrease from the stock price at the time of the forecast ($14.05), and a -57.40% decrease from FOR last price ($31.69).
Forestar Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $31.69 | $31.69 | $31.69 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Forestar Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Forestar Group's last price of $31.69. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 17, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 21, 2023 | Maxim Group | - | Buy | Initialise |
| Jul 21, 2023 | Cantor Fitzgerald | - | Overweight | Initialise |
| Jul 21, 2023 | Benchmark | - | Speculative Buy | Initialise |
| Jul 21, 2023 | Cowen & Co. | - | Outperform | Initialise |
| Jul 21, 2023 | Daiwa | - | Buy | Initialise |
| Jul 21, 2023 | Oppenheimer | - | Outperform | Initialise |
| Jul 21, 2023 | JonesTrading | - | Buy | Initialise |
| Jul 21, 2023 | Canaccord Genuity | - | Buy | Initialise |
| Apr 22, 2023 | Citigroup | Buy | Buy | Hold |
Forestar Group's last stock rating was published by Citigroup on May 17, 2024. The company gave FOR a "Buy" rating, the same as its previous rate.
Forestar Group Financial Forecast
Forestar Group Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $549.70M | $368.90M | $301.50M | $216.70M | $381.40M | $308.50M | $421.60M | $407.60M | $418.70M | $312.90M | $287.10M | $307.10M | $347.50M | $177.90M | $159.10M | $247.20M | $236.30M | $88.20M | $65.30M | $22.30M | $41.89M |
| Avg Forecast | $357.00M | $551.20M | $379.85M | $367.60M | $325.40M | $503.76M | $376.33M | $325.91M | $264.85M | $389.63M | $282.67M | $215.00M | $286.87M | $289.77M | $353.75M | $389.27M | $365.73M | $405.97M | $308.68M | $285.24M | $261.49M | $202.10M | $66.70M | $159.10M | $145.01M | $141.85M | $81.96M | $63.45M | $4.74M | $8.68M |
| High Forecast | $362.84M | $560.22M | $386.06M | $373.62M | $330.73M | $512.00M | $382.48M | $331.24M | $269.18M | $414.09M | $287.29M | $218.52M | $291.56M | $294.51M | $356.67M | $392.48M | $368.75M | $409.32M | $311.22M | $287.60M | $263.65M | $203.77M | $67.25M | $160.41M | $146.21M | $143.02M | $82.64M | $63.97M | $5.69M | $10.41M |
| Low Forecast | $350.08M | $540.52M | $372.49M | $360.48M | $319.10M | $494.00M | $369.04M | $319.60M | $259.72M | $365.17M | $277.19M | $210.83M | $281.31M | $284.15M | $350.29M | $385.46M | $362.16M | $402.00M | $305.66M | $282.45M | $258.94M | $200.12M | $66.05M | $157.54M | $143.59M | $140.46M | $81.16M | $62.83M | $3.80M | $6.94M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 4 | 7 | 20 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.41% | 1.31% | 1.40% | 0.76% | 1.32% | 0.87% | 1.08% | 1.11% | 1.03% | 1.01% | 1.01% | 1.17% | 1.72% | 2.67% | 1.00% | 1.70% | 1.67% | 1.08% | 1.03% | 4.70% | 4.83% |
Forestar Group's average Quarter revenue forecast for Dec 23 based on 1 analysts is $264.85M, with a low forecast of $259.72M, and a high forecast of $269.18M. FOR's average Quarter revenue forecast represents a -51.82% decrease compared to the company's last Quarter revenue of $549.70M (Sep 23).
Forestar Group EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 4 | 7 | 20 |
| EBITDA | - | - | - | - | - | - | - | - | - | $89.20M | $58.60M | $33.90M | $23.00M | $65.50M | $47.10M | $63.20M | $54.30M | $59.20M | $21.60M | $38.30M | $29.90M | $32.50M | $11.10M | $14.40M | $24.20M | $18.00M | $10.20M | $15.30M | $45.14M | $5.42M |
| Avg Forecast | $43.01M | $66.41M | $45.77M | $44.29M | $39.21M | $60.70M | $45.34M | $48.45M | $31.91M | $46.95M | $34.06M | $44.04M | $34.56M | $46.24M | $42.62M | $40.04M | $44.07M | $48.91M | $37.19M | $25.08M | $31.51M | $24.35M | $8.04M | $9.68M | $17.47M | $17.09M | $9.88M | $12.74M | $571.67K | $3.63M |
| High Forecast | $43.72M | $67.50M | $46.52M | $45.02M | $39.85M | $61.69M | $46.08M | $58.14M | $32.43M | $49.89M | $34.61M | $52.85M | $35.13M | $55.49M | $42.97M | $48.05M | $44.43M | $49.32M | $37.50M | $30.09M | $31.77M | $24.55M | $8.10M | $11.61M | $17.62M | $17.23M | $9.96M | $15.29M | $686.00K | $4.36M |
| Low Forecast | $42.18M | $65.13M | $44.88M | $43.43M | $38.45M | $59.52M | $44.46M | $38.76M | $31.29M | $44.00M | $33.40M | $35.24M | $33.89M | $37.00M | $42.21M | $32.03M | $43.63M | $48.43M | $36.83M | $20.06M | $31.20M | $24.11M | $7.96M | $7.74M | $17.30M | $16.92M | $9.78M | $10.19M | $457.33K | $2.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.90% | 1.72% | 0.77% | 0.67% | 1.42% | 1.11% | 1.58% | 1.23% | 1.21% | 0.58% | 1.53% | 0.95% | 1.33% | 1.38% | 1.49% | 1.39% | 1.05% | 1.03% | 1.20% | 78.95% | 1.49% |
1 analysts predict FOR's average Quarter EBITDA for Dec 23 to be $31.91M, with a high of $32.43M and a low of $31.29M. This is -64.23% lower than Forestar Group's previous annual EBITDA (Sep 23) of $89.20M.
Forestar Group Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 4 | 7 | 20 |
| Net Income | - | - | - | - | - | - | - | - | - | $72.40M | $46.80M | $26.90M | $20.80M | $50.80M | $39.70M | $47.80M | $40.50M | $44.00M | $15.80M | $28.40M | $22.00M | $24.30M | $10.10M | $9.60M | $16.90M | $12.70M | $6.90M | $10.10M | $25.20M | $-4.38M |
| Avg Forecast | $39.29M | $74.08M | $44.27M | $42.88M | $35.91M | $66.77M | $45.88M | $36.36M | $25.64M | $47.93M | $28.38M | $33.05M | $30.22M | $34.37M | $39.07M | $30.05M | $34.30M | $37.86M | $23.10M | $18.60M | $18.70M | $11.63M | $-722.53K | $7.20M | $6.64M | $4.39M | $3.06M | $8.41M | $151.99M | $-24.94M |
| High Forecast | $40.13M | $75.65M | $45.21M | $43.79M | $36.68M | $68.19M | $46.86M | $43.63M | $26.19M | $54.05M | $28.99M | $39.66M | $30.87M | $41.25M | $39.49M | $36.05M | $34.67M | $38.27M | $23.35M | $22.31M | $18.90M | $11.75M | $-713.34K | $8.64M | $6.71M | $4.44M | $3.10M | $10.09M | $182.38M | $-19.95M |
| Low Forecast | $38.30M | $72.21M | $43.16M | $41.80M | $35.01M | $65.09M | $44.73M | $29.08M | $25.00M | $41.30M | $27.67M | $26.44M | $29.46M | $27.50M | $38.57M | $24.04M | $33.86M | $37.38M | $22.81M | $14.88M | $18.46M | $11.48M | $-730.29K | $5.76M | $6.55M | $4.33M | $3.02M | $6.73M | $121.59M | $-29.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.51% | 1.65% | 0.81% | 0.69% | 1.48% | 1.02% | 1.59% | 1.18% | 1.16% | 0.68% | 1.53% | 1.18% | 2.09% | -13.98% | 1.33% | 2.55% | 2.89% | 2.25% | 1.20% | 0.17% | 0.18% |
Forestar Group's average Quarter net income forecast for Dec 23 is $25.64M, with a range of $25.00M to $26.19M. FOR's average Quarter net income forecast represents a -64.58% decrease compared to the company's last Quarter net income of $72.40M (Sep 23).
Forestar Group SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 4 | 7 | 20 |
| SG&A | - | - | - | - | - | - | - | - | - | $26.40M | $26.40M | $22.00M | $22.90M | $23.70M | $24.10M | $24.30M | $21.50M | $19.70M | $16.90M | $16.30M | $15.50M | $12.90M | $11.20M | $11.20M | $10.50M | $9.10M | $7.90M | $6.20M | $4.69M | $6.48M |
| Avg Forecast | $21.26M | $32.82M | $22.62M | $21.89M | $19.38M | $30.00M | $22.41M | $18.48M | $15.77M | $23.20M | $16.83M | $16.80M | $17.08M | $15.39M | $21.06M | $15.27M | $21.78M | $24.17M | $18.38M | $10.67M | $15.57M | $12.03M | $3.97M | $8.40M | $8.63M | $8.45M | $4.88M | $5.16M | $282.52K | $516.66K |
| High Forecast | $21.61M | $33.36M | $22.99M | $22.25M | $19.69M | $30.49M | $22.77M | $22.18M | $16.03M | $24.66M | $17.11M | $20.16M | $17.36M | $18.47M | $21.24M | $18.33M | $21.96M | $24.37M | $18.53M | $12.81M | $15.70M | $12.13M | $4.00M | $10.08M | $8.71M | $8.52M | $4.92M | $6.20M | $339.02K | $619.99K |
| Low Forecast | $20.85M | $32.18M | $22.18M | $21.46M | $19.00M | $29.41M | $21.97M | $14.79M | $15.46M | $21.74M | $16.51M | $13.44M | $16.75M | $12.31M | $20.86M | $12.22M | $21.56M | $23.94M | $18.20M | $8.54M | $15.42M | $11.92M | $3.93M | $6.72M | $8.55M | $8.36M | $4.83M | $4.13M | $226.01K | $413.33K |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.14% | 1.57% | 1.31% | 1.34% | 1.54% | 1.14% | 1.59% | 0.99% | 0.81% | 0.92% | 1.53% | 1.00% | 1.07% | 2.82% | 1.33% | 1.22% | 1.08% | 1.62% | 1.20% | 16.60% | 12.54% |
Forestar Group's average Quarter SG&A projection for Dec 23 is $15.77M, based on 1 Wall Street analysts, with a range of $15.46M to $16.03M. The forecast indicates a -40.26% fall compared to FOR last annual SG&A of $26.40M (Sep 23).
Forestar Group EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 4 | 7 | 20 |
| EPS | - | - | - | - | - | - | - | - | - | $1.45 | $0.94 | $0.54 | $0.42 | $1.02 | $0.80 | $0.96 | $0.81 | $0.89 | $0.32 | $0.59 | $0.46 | $0.51 | $0.21 | $0.20 | $0.35 | $0.30 | $0.16 | $0.24 | $0.60 | $-0.13 |
| Avg Forecast | $0.77 | $1.45 | $0.87 | $0.84 | $0.70 | $1.31 | $0.90 | $0.73 | $0.50 | $0.94 | $0.56 | $0.34 | $0.59 | $0.48 | $0.77 | $0.73 | $0.67 | $0.74 | $0.45 | $0.42 | $0.37 | $0.23 | $-0.01 | $0.15 | $0.13 | $0.09 | $0.06 | $0.09 | $0.60 | $0.17 |
| High Forecast | $0.79 | $1.48 | $0.89 | $0.86 | $0.72 | $1.34 | $0.92 | $0.74 | $0.51 | $1.06 | $0.57 | $0.35 | $0.60 | $0.49 | $0.77 | $0.73 | $0.68 | $0.75 | $0.46 | $0.42 | $0.37 | $0.23 | $-0.01 | $0.16 | $0.13 | $0.09 | $0.06 | $0.09 | $0.72 | $0.21 |
| Low Forecast | $0.75 | $1.41 | $0.85 | $0.82 | $0.69 | $1.27 | $0.88 | $0.71 | $0.49 | $0.81 | $0.54 | $0.33 | $0.58 | $0.47 | $0.76 | $0.72 | $0.66 | $0.73 | $0.45 | $0.41 | $0.36 | $0.22 | $-0.01 | $0.15 | $0.13 | $0.08 | $0.06 | $0.09 | $0.48 | $0.14 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.54% | 1.69% | 1.57% | 0.71% | 2.11% | 1.05% | 1.32% | 1.21% | 1.20% | 0.71% | 1.42% | 1.26% | 2.24% | -14.84% | 1.29% | 2.69% | 3.49% | 2.67% | 2.57% | 1.00% | -0.76% |
According to 1 Wall Street analysts, Forestar Group's projected average Quarter EPS for Dec 23 is $0.50, with a low estimate of $0.49 and a high estimate of $0.51. This represents a -65.36% decrease compared to FOR previous annual EPS of $1.45 (Sep 23).
Forestar Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LSEA | Landsea Homes | $12.48 | $15.00 | 20.19% | Buy |
| FOR | Forestar Group | $31.69 | $19.25 | -39.26% | Buy |
FOR Forecast FAQ
Is Forestar Group a good buy?
Yes, according to 8 Wall Street analysts, Forestar Group (FOR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 100.00% of FOR's total ratings.
What is FOR's price target?
Forestar Group (FOR) average price target is $19.25 with a range of $13.5 to $25, implying a -39.26% from its last price of $31.69. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Forestar Group stock go up soon?
According to Wall Street analysts' prediction for FOR stock, the company can go down by -39.26% (from the last price of $31.69 to the average price target of $19.25), down by -21.11% based on the highest stock price target, and down by -57.40% based on the lowest stock price target.
Can Forestar Group stock reach $50?
FOR's average twelve months analyst stock price target of $19.25 does not support the claim that Forestar Group can reach $50 in the near future.
What are Forestar Group's analysts' financial forecasts?
Forestar Group's analysts financial forecasts for the fiscal year (Sep 2024) are as follows: average revenue is $1.47B (high $1.49B, low $1.44B), average EBITDA is $186.4M (high $198.34M, low $174.03M), average net income is $174.66M (high $184.87M, low $163.9M), average SG&A $86.66M (high $91.47M, low $81.64M), and average EPS is $3.43 (high $3.51, low $3.35). FOR's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $1.62B (high $1.65B, low $1.59B), average EBITDA is $195.68M (high $198.88M, low $191.89M), average net income is $197.14M (high $201.33M, low $192.18M), average SG&A $96.7M (high $98.29M, low $94.83M), and average EPS is $3.86 (high $3.94, low $3.76).
Did the FOR's actual financial results beat the analysts' financial forecasts?
Based on Forestar Group's last annual report (Sep 2022), the company's revenue was $1.52B, beating the average analysts forecast of $1.4B by 8.62%. Apple's EBITDA was $227.2M, beating the average prediction of $172.97M by 31.35%. The company's net income was $178.8M, beating the average estimation of $137.78M by 29.77%. Apple's SG&A was $93.6M, beating the average forecast of $73.5M by 27.34%. Lastly, the company's EPS was $3.59, beating the average prediction of $2.65 by 35.65%. In terms of the last quarterly report (Sep 2023), Forestar Group's revenue was $549.7M, beating the average analysts' forecast of $389.63M by 41.08%. The company's EBITDA was $89.2M, beating the average prediction of $46.95M by 90.01%. Forestar Group's net income was $72.4M, beating the average estimation of $47.93M by 51.05%. The company's SG&A was $26.4M, beating the average forecast of $23.2M by 13.79%. Lastly, the company's EPS was $1.45, beating the average prediction of $0.939 by 54.45%