Lennar (LEN) Stock Forecast, Price Target & Predictions
LEN Stock Forecast
Lennar stock forecast is as follows: an average price target of $160.61 (represents a -3.44% downside from LEN’s last price of $166.33) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
LEN Price Target
The average price target for Lennar (LEN) is $160.61 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $236.00 to $60.00. This represents a potential -3.44% downside from LEN's last price of $166.33.
LEN Analyst Ratings
According to 20 Wall Street analysts, Lennar's rating consensus is 'Buy'. The analyst rating breakdown for LEN stock is 0 'Strong Buy' (0.00%), 11 'Buy' (55.00%), 7 'Hold' (35.00%), 2 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).
Lennar Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 07, 2024 | Sam Reid | Wells Fargo | $190.00 | $182.25 | 4.25% | 14.23% |
| Sep 24, 2024 | Stephen Kim | Evercore ISI | $236.00 | $185.80 | 27.02% | 41.89% |
| Sep 23, 2024 | Rafe Jadrosich | Bank of America Securities | $190.00 | $185.30 | 2.54% | 14.23% |
| Sep 23, 2024 | Anthony Pettinari | Citigroup | $196.00 | $184.62 | 6.16% | 17.84% |
| Sep 23, 2024 | Carl Reichardt | BTIG | $216.00 | $182.19 | 18.56% | 29.86% |
| Sep 23, 2024 | Mike Dahl | RBC Capital | $160.00 | $184.87 | -13.45% | -3.81% |
| Sep 23, 2024 | Susan Maklari | Goldman Sachs | $190.00 | $182.19 | 4.29% | 14.23% |
| Sep 20, 2024 | Susan Maklari | Goldman Sachs | $182.00 | $192.45 | -5.43% | 9.42% |
| Sep 09, 2024 | Sam Reid | Wells Fargo | $205.00 | $179.42 | 14.26% | 23.25% |
| Jul 22, 2024 | Susan Maklari | Goldman Sachs | $174.00 | $170.94 | 1.79% | 4.61% |
The latest Lennar stock forecast, released on Oct 07, 2024 by Sam Reid from Wells Fargo, set a price target of $190.00, which represents a 4.25% increase from the stock price at the time of the forecast ($182.25), and a 14.23% increase from LEN last price ($166.33).
Lennar Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 9 | 22 |
| Avg Price Target | - | $196.11 | $186.36 |
| Last Closing Price | $166.33 | $166.33 | $166.33 |
| Upside/Downside | -100.00% | 17.90% | 12.04% |
In the current month, the average price target of Lennar stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lennar's last price of $166.33. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | Wells Fargo | Overweight | Equal-Weight | Downgrade |
| Sep 25, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Sep 25, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Sep 23, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Sep 23, 2024 | Citigroup | Neutral | Neutral | Hold |
| Sep 23, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Sep 23, 2024 | Zelman | Neutral | Outperform | Upgrade |
| Sep 23, 2024 | BTIG | Buy | Buy | Hold |
| Sep 22, 2024 | UBS | Buy | Buy | Hold |
| Sep 22, 2024 | Barclays | Overweight | Overweight | Hold |
Lennar's last stock rating was published by Wells Fargo on Oct 07, 2024. The company Downgrade its LEN rating from "Overweight" to "Equal-Weight".
Lennar Financial Forecast
Lennar Revenue Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.05B | - | - | $8.93B | $8.36B | - | - | $6.94B | $6.43B | - | - | $5.87B | $5.29B | - | - | $5.86B |
| Avg Forecast | $12.21B | $10.52B | $9.92B | $8.29B | $11.32B | $10.25B | $9.30B | $7.34B | $10.05B | $9.14B | $8.48B | $7.39B | $10.23B | $8.49B | $7.22B | $5.91B | $9.97B | $8.93B | $8.12B | $6.16B | $8.51B | $7.22B | $6.10B | $5.13B | $6.53B | $5.33B | $5.19B | $4.15B | $6.47B | $5.44B |
| High Forecast | $12.88B | $11.10B | $10.46B | $8.74B | $11.95B | $10.82B | $9.81B | $7.57B | $10.12B | $9.15B | $8.48B | $7.39B | $10.36B | $8.96B | $7.62B | $6.23B | $10.52B | $9.30B | $8.45B | $6.42B | $8.86B | $7.52B | $6.35B | $5.34B | $6.80B | $5.55B | $5.40B | $4.32B | $6.73B | $5.67B |
| Low Forecast | $11.33B | $9.76B | $9.21B | $7.69B | $10.51B | $9.52B | $8.63B | $7.20B | $9.97B | $9.14B | $8.48B | $7.39B | $9.99B | $7.88B | $6.70B | $5.48B | $9.25B | $8.45B | $7.68B | $5.83B | $8.05B | $6.84B | $5.77B | $4.86B | $6.18B | $5.04B | $4.91B | $3.93B | $6.12B | $5.15B |
| # Analysts | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 6 | 8 | 6 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 9 | 11 | 15 | 18 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | - | - | 1.00% | 1.03% | - | - | 0.96% | 1.05% | - | - | 1.10% | 1.02% | - | - | 1.08% |
Lennar's average Quarter revenue forecast for Aug 23 based on 5 analysts is $8.49B, with a low forecast of $7.88B, and a high forecast of $8.96B. LEN's average Quarter revenue forecast represents a 5.53% increase compared to the company's last Quarter revenue of $8.05B (May 23).
Lennar EBITDA Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 6 | 8 | 6 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 9 | 11 | 15 | 18 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.18B | - | - | $2.06B | $1.96B | - | - | $876.81M | $1.13B | - | - | $5.01B | $589.76M | - | - | $648.36M |
| Avg Forecast | $2.08B | $1.79B | $1.69B | $1.41B | $1.93B | $1.75B | $1.58B | $1.25B | $1.71B | $1.56B | $1.45B | $1.13B | $1.74B | $1.45B | $1.23B | $1.03B | $1.86B | $1.52B | $1.38B | $932.97M | $1.45B | $1.23B | $1.04B | $805.91M | $1.11B | $907.76M | $883.87M | $242.25M | $1.10B | $927.01M |
| High Forecast | $2.19B | $1.89B | $1.78B | $1.49B | $2.04B | $1.84B | $1.67B | $1.29B | $1.72B | $1.56B | $1.45B | $1.35B | $1.76B | $1.53B | $1.30B | $1.23B | $2.23B | $1.58B | $1.44B | $1.12B | $1.51B | $1.28B | $1.08B | $967.10M | $1.16B | $945.03M | $920.16M | $290.70M | $1.15B | $965.08M |
| Low Forecast | $1.93B | $1.66B | $1.57B | $1.31B | $1.79B | $1.62B | $1.47B | $1.23B | $1.70B | $1.56B | $1.45B | $903.12M | $1.70B | $1.34B | $1.14B | $821.01M | $1.49B | $1.44B | $1.31B | $746.38M | $1.37B | $1.16B | $982.85M | $644.73M | $1.05B | $858.92M | $836.32M | $193.80M | $1.04B | $877.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.36% | 1.42% | - | - | 0.71% | 1.08% | - | - | 5.52% | 0.67% | - | - | 0.70% |
5 analysts predict LEN's average Quarter EBITDA for Aug 23 to be $1.45B, with a high of $1.53B and a low of $1.34B. This is 22.11% upper than Lennar's previous annual EBITDA (May 23) of $1.18B.
Lennar Net Income Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 6 | 8 | 6 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 9 | 11 | 15 | 18 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $871.69M | - | - | $1.47B | $1.32B | - | - | $1.41B | $831.36M | - | - | $666.42M | $517.41M | - | - | $513.37M |
| Avg Forecast | $1.54B | $1.23B | $1.06B | $779.27M | $1.40B | $1.22B | $1.02B | $691.11M | $1.14B | $985.90M | $873.17M | $822.60M | $1.24B | $950.74M | $628.87M | $747.82M | $1.39B | $1.30B | $1.08B | $679.83M | $1.12B | $879.98M | $642.10M | $605.05M | $636.27M | $420.10M | $335.74M | $213.93M | $513.48M | $355.27M |
| High Forecast | $1.65B | $1.32B | $1.14B | $834.88M | $1.50B | $1.30B | $1.10B | $746.30M | $1.16B | $987.01M | $873.18M | $987.12M | $1.26B | $1.02B | $673.74M | $897.38M | $1.66B | $1.37B | $1.13B | $815.80M | $1.18B | $926.95M | $676.37M | $726.06M | $670.24M | $442.52M | $353.66M | $256.72M | $540.89M | $374.23M |
| Low Forecast | $1.40B | $1.11B | $964.17M | $706.46M | $1.27B | $1.10B | $927.12M | $657.51M | $1.12B | $984.78M | $873.17M | $658.08M | $1.20B | $861.91M | $570.11M | $598.25M | $1.11B | $1.21B | $1.00B | $543.87M | $1.04B | $818.43M | $597.19M | $484.04M | $591.77M | $390.71M | $312.26M | $171.14M | $477.57M | $330.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.39% | - | - | 1.13% | 1.23% | - | - | 1.60% | 1.29% | - | - | 1.59% | 1.54% | - | - | 1.45% |
Lennar's average Quarter net income forecast for Aug 23 is $950.74M, with a range of $861.91M to $1.02B. LEN's average Quarter net income forecast represents a 9.07% increase compared to the company's last Quarter net income of $871.69M (May 23).
Lennar SG&A Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 6 | 8 | 6 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 9 | 11 | 15 | 18 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $124.75M | - | - | $601.41M | $105.21M | - | - | $94.94M | $90.72M | - | - | $-92.66M | $490.64M | - | - | $537.34M |
| Avg Forecast | $508.50M | $438.22M | $413.25M | $345.25M | $471.77M | $427.19M | $387.26M | $305.78M | $418.61M | $380.80M | $353.38M | $185.67M | $426.06M | $353.70M | $300.92M | $168.79M | $118.91M | $372.05M | $338.24M | $153.44M | $354.35M | $300.94M | $254.02M | $66.79M | $271.93M | $221.99M | $216.15M | $46.63M | $269.41M | $226.70M |
| High Forecast | $536.41M | $462.28M | $435.94M | $364.20M | $497.66M | $450.64M | $408.51M | $315.23M | $421.49M | $380.97M | $353.38M | $222.80M | $431.42M | $373.11M | $317.44M | $202.54M | $142.69M | $387.32M | $352.12M | $184.13M | $368.90M | $313.30M | $264.45M | $80.14M | $283.09M | $231.11M | $225.02M | $55.95M | $280.47M | $236.01M |
| Low Forecast | $471.95M | $406.72M | $383.55M | $320.43M | $437.86M | $396.48M | $359.42M | $300.11M | $415.31M | $380.62M | $353.38M | $148.53M | $416.17M | $328.27M | $279.29M | $135.03M | $95.13M | $352.03M | $320.04M | $122.75M | $335.28M | $284.75M | $240.35M | $53.43M | $257.30M | $210.05M | $204.52M | $37.30M | $254.92M | $214.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | - | - | 1.62% | 0.31% | - | - | 0.32% | 0.36% | - | - | -0.42% | 2.27% | - | - | 2.37% |
Lennar's average Quarter SG&A projection for Aug 23 is $353.70M, based on 5 Wall Street analysts, with a range of $328.27M to $373.11M. The forecast indicates a 183.52% rise compared to LEN last annual SG&A of $124.75M (May 23).
Lennar EPS Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 6 | 8 | 6 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 9 | 11 | 15 | 18 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.01 | - | - | $5.04 | $4.50 | - | - | $4.52 | $2.66 | - | - | $2.13 | $1.66 | - | - | $1.60 |
| Avg Forecast | $5.71 | $4.55 | $3.94 | $2.88 | $5.18 | $4.51 | $3.79 | $2.56 | $4.23 | $3.65 | $3.23 | $2.21 | $4.59 | $3.52 | $2.33 | $1.55 | $4.87 | $4.81 | $3.99 | $2.60 | $4.15 | $3.26 | $2.38 | $1.71 | $2.36 | $1.55 | $1.24 | $0.85 | $1.90 | $1.31 |
| High Forecast | $6.12 | $4.87 | $4.22 | $3.09 | $5.55 | $4.83 | $4.06 | $2.76 | $4.31 | $3.65 | $3.23 | $2.21 | $4.66 | $3.77 | $2.49 | $1.62 | $5.22 | $5.07 | $4.20 | $2.74 | $4.37 | $3.43 | $2.50 | $1.80 | $2.48 | $1.64 | $1.31 | $0.90 | $2.00 | $1.39 |
| Low Forecast | $5.18 | $4.12 | $3.57 | $2.61 | $4.70 | $4.09 | $3.43 | $2.43 | $4.16 | $3.65 | $3.23 | $2.21 | $4.45 | $3.19 | $2.11 | $1.49 | $4.42 | $4.48 | $3.71 | $2.42 | $3.86 | $3.03 | $2.21 | $1.59 | $2.19 | $1.45 | $1.16 | $0.79 | $1.77 | $1.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | - | - | 1.05% | 1.13% | - | - | 1.39% | 1.12% | - | - | 1.37% | 1.34% | - | - | 1.22% |
According to 5 Wall Street analysts, Lennar's projected average Quarter EPS for Aug 23 is $3.52, with a low estimate of $3.19 and a high estimate of $3.77. This represents a 16.91% increase compared to LEN previous annual EPS of $3.01 (May 23).
Lennar Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BZH | Beazer Homes USA | $31.96 | $41.00 | 28.29% | Buy |
| MTH | Meritage Homes | $177.92 | $190.00 | 6.79% | Buy |
| LEN | Lennar | $166.33 | $160.61 | -3.44% | Buy |
| DHI | D.R. Horton | $161.13 | $150.82 | -6.40% | Buy |
| IBP | Installed Building Products | $207.73 | $178.00 | -14.31% | Buy |
| TOL | Toll Brothers | $151.66 | $125.06 | -17.54% | Buy |
| KBH | KB Home | $78.41 | $59.46 | -24.17% | Buy |
| PHM | PulteGroup | $127.48 | $92.50 | -27.44% | Buy |
| NVR | NVR | $9.11K | $4.90K | -46.19% | Hold |