Forestar Group (FOR) Stock Forecast, Price Target & Predictions


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FOR Stock Forecast


Forestar Group stock forecast is as follows: an average price target of $26.17 (represents a -16.55% downside from FOR’s last price of $31.36) 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 -16.55% downside from FOR's last price of $31.36.

FOR Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Ryan GilbertBTIG$40.00$31.7525.98%27.55%
Nov 15, 2022-J.P. Morgan$13.50$14.05-3.91%-56.95%
Apr 28, 2022-Citigroup$25.00$16.1654.70%-20.28%
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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 27.55% increase from FOR last price ($31.36).

Forestar Group Price Target by Period


1M3M12M
# Anlaysts111
Avg Price Target$40.00$40.00$40.00
Last Closing Price$31.36$31.36$31.36
Upside/Downside27.55%27.55%27.55%

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 27.55% increase as opposed to Forestar Group's last price of $31.36. 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


DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024BTIGBuyBuyHold
May 17, 2024CitigroupBuyBuyHold
Jul 21, 2023Cantor Fitzgerald-OverweightInitialise
Jul 21, 2023Benchmark-Speculative BuyInitialise
Jul 21, 2023Cowen & Co.-OutperformInitialise
Jul 21, 2023Canaccord Genuity-BuyInitialise
Jul 21, 2023Daiwa-BuyInitialise
Jul 21, 2023Oppenheimer-OutperformInitialise
Jul 21, 2023JonesTrading-BuyInitialise
Jul 21, 2023Maxim Group-BuyInitialise
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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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 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$1.05B$967.17M$892.56M$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$1.08B$1.00B$922.93M$348.05M$584.12M$385.83M$372.93M$351.76M$520.90M$376.33M$325.91M$273.86M$414.09M$292.28M$222.31M$296.63M$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$1.01B$934.29M$862.22M$325.16M$545.70M$360.45M$371.82M$305.12M$486.63M$376.33M$325.91M$255.84M$365.17M$273.06M$207.69M$277.12M$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
# Analysts111111221111211111111111113223
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 $255.84M, and a high forecast of $273.86M. 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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts111111221111211111111111113223
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$126.27M$116.53M$107.54M$40.56M$68.06M$44.96M$44.87M$39.57M$60.70M$45.34M$48.45M$31.91M$46.95M$34.06M$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$130.57M$120.49M$111.20M$41.94M$70.38M$46.49M$44.93M$42.38M$62.76M$45.34M$58.14M$33.00M$49.89M$35.22M$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$121.98M$112.57M$103.89M$39.18M$65.75M$43.43M$44.80M$36.76M$58.63M$45.34M$38.76M$30.83M$44.00M$32.90M$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 %------------1.90%1.72%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 $31.91M, with a high of $33.00M and a low of $30.83M. This is -64.23% lower than Forestar Group's previous annual EBITDA (Sep 23) of $89.20M.

Forestar Group Net Income Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts111111221111211111111111113223
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$79.35M$55.92M$55.92M$40.05M$78.29M$44.79M$43.57M$39.66M$69.65M$45.84M$43.63M$26.75M$53.99M$29.61M$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$72.63M$51.18M$51.18M$36.66M$71.66M$41.00M$41.52M$32.03M$63.75M$45.83M$29.08M$24.48M$41.26M$27.10M$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 $24.48M to $26.75M. 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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts111111221111211111111111113223
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$62.40M$57.59M$53.15M$20.04M$33.64M$22.22M$22.17M$19.56M$30.00M$22.41M$18.48M$15.77M$23.20M$16.83M$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$64.53M$59.55M$54.96M$20.72M$34.78M$22.97M$22.21M$20.95M$31.02M$22.41M$22.18M$16.31M$24.66M$17.40M$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$60.28M$55.63M$51.34M$19.36M$32.49M$21.46M$22.14M$18.17M$28.98M$22.41M$14.79M$15.23M$21.74M$16.26M$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 %------------1.14%1.57%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 $15.77M, based on 1 Wall Street analysts, with a range of $15.23M to $16.31M. The forecast indicates a -40.26% fall compared to FOR last annual SG&A of $26.40M (Sep 23).

Forestar Group EPS Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts111111221111211111111111113223
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$1.56$1.10$1.10$0.79$1.54$0.88$0.85$0.78$1.37$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$1.42$1.00$1.00$0.72$1.41$0.80$0.81$0.63$1.25$0.90$0.73$0.48$0.81$0.53$0.33$0.57$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LSEALandsea Homes$11.74$15.0027.77%Buy
FORForestar Group$31.37$26.17-16.58%Buy

FOR Forecast FAQ


Yes, according to 9 Wall Street analysts, Forestar Group (FOR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 100.00% of FOR's total ratings.

Forestar Group (FOR) average price target is $26.17 with a range of $13.5 to $40, implying a -16.55% from its last price of $31.36. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for FOR stock, the company can go down by -16.55% (from the last price of $31.36 to the average price target of $26.17), up by 27.55% based on the highest stock price target, and down by -56.95% based on the lowest stock price target.

FOR's average twelve months analyst stock price target of $26.17 does not support the claim that Forestar Group can reach $50 in the near future.

1 Wall Street analyst forecast a $40 price target for Forestar Group (FOR) this month, up 27.55% from its last price of $31.36. Compared to the last 3 and 12 months, the average price target increased by 27.55% and increased by 27.55%, respectively.

Forestar Group's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $1.64B (high $1.69B, low $1.58B), average EBITDA is $197.46M (high $204.18M, low $190.74M), average net income is $196M (high $206.31M, low $186.21M), average SG&A $97.58M (high $100.91M, low $94.26M), and average EPS is $3.84 (high $4.05, low $3.65). FOR's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $3.24B (high $3.35B, low $3.13B), average EBITDA is $390.9M (high $404.2M, low $377.61M), average net income is $221.44M (high $231.24M, low $211.66M), average SG&A $193.18M (high $199.75M, low $186.61M), and average EPS is $4.34 (high $4.53, low $4.15).

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 $161.64M by 40.56%. The company's net income was $178.8M, beating the average estimation of $128.05M by 39.64%. Apple's SG&A was $93.6M, beating the average forecast of $75.37M by 24.19%. 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 $47.88M by 51.21%. 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%