Forestar Group (FOR) Stock Forecast, Price Target & Predictions
FOR Stock Forecast
Forestar Group stock forecast is as follows: an average price target of $26.17 (represents a -9.04% downside from FOR’s last price of $28.77) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
FOR Price Target
The average price target for Forestar Group (FOR) is $26.17 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $40.00 to $13.50. This represents a potential -9.04% downside from FOR's last price of $28.77.
FOR Analyst Ratings
According to 9 Wall Street analysts, Forestar Group's rating consensus is 'Buy'. The analyst rating breakdown for FOR stock is 0 'Strong Buy' (0.00%), 9 '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 |
|---|---|---|---|---|---|---|
| Oct 30, 2024 | Ryan Gilbert | BTIG | $40.00 | $31.75 | 25.98% | 39.03% |
| Nov 15, 2022 | - | J.P. Morgan | $13.50 | $14.05 | -3.91% | -53.08% |
| Apr 28, 2022 | - | Citigroup | $25.00 | $16.16 | 54.70% | -13.10% |
The latest Forestar Group stock forecast, released on Oct 30, 2024 by Ryan Gilbert from BTIG, set a price target of $40.00, which represents a 25.98% increase from the stock price at the time of the forecast ($31.75), and a 39.03% increase from FOR last price ($28.77).
Forestar Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $40.00 | $40.00 | $40.00 |
| Last Closing Price | $28.77 | $28.77 | $28.77 |
| Upside/Downside | 39.03% | 39.03% | 39.03% |
In the current month, the average price target of Forestar Group stock is $40.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 39.03% increase as opposed to Forestar Group's last price of $28.77. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | BTIG | Buy | Buy | Hold |
| May 17, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 21, 2023 | Cantor Fitzgerald | - | Overweight | Initialise |
| Jul 21, 2023 | Benchmark | - | Speculative Buy | Initialise |
| Jul 21, 2023 | Cowen & Co. | - | Outperform | Initialise |
| Jul 21, 2023 | Canaccord Genuity | - | Buy | Initialise |
| Jul 21, 2023 | Daiwa | - | Buy | Initialise |
| Jul 21, 2023 | Oppenheimer | - | Outperform | Initialise |
| Jul 21, 2023 | JonesTrading | - | Buy | Initialise |
| Jul 21, 2023 | Maxim Group | - | Buy | Initialise |
Forestar Group's last stock rating was published by BTIG on Oct 30, 2024. The company gave FOR a "Buy" rating, the same as its previous rate.
Forestar Group Financial Forecast
Forestar Group Revenue Forecast
| Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $718.17M | $694.83M | $672.26M | $336.60M | $564.90M | $373.13M | $372.37M | $328.44M | $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 |
| High Forecast | $742.25M | $718.13M | $694.80M | $347.89M | $583.84M | $385.65M | $375.00M | $349.31M | $520.65M | $376.33M | $325.91M | $273.73M | $414.09M | $292.15M | $222.21M | $296.49M | $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 |
| Low Forecast | $690.18M | $667.76M | $646.06M | $323.49M | $542.89M | $358.60M | $370.50M | $303.00M | $484.13M | $376.33M | $325.91M | $254.53M | $365.17M | $271.65M | $206.62M | $275.69M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 |
| 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% |
Forestar Group's average Quarter revenue forecast for Dec 23 based on 1 analysts is $264.85M, with a low forecast of $254.53M, and a high forecast of $273.73M. 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
| Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 |
| 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 |
| Avg Forecast | $95.51M | $92.41M | $89.41M | $44.77M | $75.13M | $49.63M | $49.52M | $43.68M | $67.00M | $50.05M | $48.45M | $35.22M | $51.82M | $37.59M | $44.04M | $47.25M | $34.91M | $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 |
| High Forecast | $98.72M | $95.51M | $92.41M | $46.27M | $77.65M | $51.29M | $49.87M | $46.46M | $69.25M | $50.05M | $58.14M | $36.41M | $55.07M | $38.85M | $52.85M | $56.70M | $34.91M | $42.62M | $48.05M | $44.07M | $48.91M | $37.19M | $30.09M | $31.51M | $24.35M | $8.04M | $11.61M | $17.47M | $17.09M | $9.88M |
| Low Forecast | $91.79M | $88.81M | $85.93M | $43.02M | $72.20M | $47.69M | $49.28M | $40.30M | $64.39M | $50.05M | $38.76M | $33.85M | $48.57M | $36.13M | $35.24M | $37.80M | $34.91M | $42.62M | $32.03M | $44.07M | $48.91M | $37.19M | $20.06M | $31.51M | $24.35M | $8.04M | $7.74M | $17.47M | $17.09M | $9.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.72% | 1.56% | 0.77% | 0.49% | 1.88% | 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 analysts predict FOR's average Quarter EBITDA for Dec 23 to be $35.22M, with a high of $36.41M and a low of $33.85M. This is -60.51% lower than Forestar Group's previous annual EBITDA (Sep 23) of $89.20M.
Forestar Group Net Income Forecast
| Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 |
| 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 |
| Avg Forecast | $75.99M | $53.55M | $53.55M | $38.35M | $74.97M | $42.90M | $42.54M | $35.59M | $66.70M | $45.84M | $36.36M | $25.61M | $47.88M | $28.35M | $33.05M | $35.24M | $24.63M | $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 |
| High Forecast | $79.30M | $55.88M | $55.88M | $40.03M | $78.24M | $44.77M | $43.35M | $39.97M | $69.61M | $45.84M | $43.63M | $26.73M | $53.99M | $29.59M | $39.66M | $42.29M | $24.63M | $39.07M | $36.05M | $34.30M | $37.86M | $23.10M | $22.31M | $18.70M | $11.63M | $-722.53K | $8.64M | $6.64M | $4.39M | $3.06M |
| Low Forecast | $72.14M | $50.84M | $50.84M | $36.41M | $71.17M | $40.72M | $41.31M | $32.13M | $63.32M | $45.83M | $29.08M | $24.32M | $41.26M | $26.92M | $26.44M | $28.19M | $24.63M | $39.07M | $24.04M | $34.30M | $37.86M | $23.10M | $14.88M | $18.70M | $11.63M | $-722.53K | $5.76M | $6.64M | $4.39M | $3.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.51% | 1.65% | 0.81% | 0.59% | 2.06% | 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% |
Forestar Group's average Quarter net income forecast for Dec 23 is $25.61M, with a range of $24.32M to $26.73M. FOR's average Quarter net income forecast represents a -64.62% decrease compared to the company's last Quarter net income of $72.40M (Sep 23).
Forestar Group SG&A Forecast
| Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 |
| 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 |
| Avg Forecast | $21.79M | $21.09M | $20.40M | $10.21M | $17.14M | $11.32M | $11.30M | $9.97M | $15.29M | $11.42M | $18.48M | $8.04M | $11.82M | $8.58M | $16.80M | $18.71M | $17.25M | $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 |
| High Forecast | $22.53M | $21.79M | $21.09M | $10.56M | $17.72M | $11.70M | $11.38M | $10.60M | $15.80M | $11.42M | $22.18M | $8.31M | $12.57M | $8.87M | $20.16M | $22.45M | $17.25M | $21.06M | $18.33M | $21.78M | $24.17M | $18.38M | $12.81M | $15.57M | $12.03M | $3.97M | $10.08M | $8.63M | $8.45M | $4.88M |
| Low Forecast | $20.95M | $20.26M | $19.61M | $9.82M | $16.48M | $10.88M | $11.24M | $9.20M | $14.69M | $11.42M | $14.79M | $7.72M | $11.08M | $8.24M | $13.44M | $14.97M | $17.25M | $21.06M | $12.22M | $21.78M | $24.17M | $18.38M | $8.54M | $15.57M | $12.03M | $3.97M | $6.72M | $8.63M | $8.45M | $4.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.23% | 3.08% | 1.31% | 1.22% | 1.37% | 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% |
Forestar Group's average Quarter SG&A projection for Dec 23 is $8.04M, based on 1 Wall Street analysts, with a range of $7.72M to $8.31M. The forecast indicates a -69.56% fall compared to FOR last annual SG&A of $26.40M (Sep 23).
Forestar Group EPS Forecast
| Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 |
| 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 |
| Avg Forecast | $1.49 | $1.05 | $1.05 | $0.75 | $1.47 | $0.84 | $0.83 | $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 |
| High Forecast | $1.55 | $1.10 | $1.10 | $0.78 | $1.53 | $0.88 | $0.85 | $0.78 | $1.36 | $0.90 | $0.73 | $0.52 | $1.06 | $0.58 | $0.36 | $0.62 | $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 |
| Low Forecast | $1.41 | $1.00 | $1.00 | $0.71 | $1.40 | $0.80 | $0.81 | $0.63 | $1.24 | $0.90 | $0.73 | $0.48 | $0.81 | $0.53 | $0.33 | $0.56 | $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 |
| 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% |
According to 1 Wall Street analysts, Forestar Group's projected average Quarter EPS for Dec 23 is $0.50, with a low estimate of $0.48 and a high estimate of $0.52. 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 | $10.85 | $15.00 | 38.25% | Buy |
| FOR | Forestar Group | $28.77 | $26.17 | -9.04% | Buy |