Lennar (LEN) Stock Forecast, Price Target & Predictions
LEN Stock Forecast
Lennar stock forecast is as follows: an average price target of $148.47 (represents a -17.25% downside from LEN’s last price of $179.41) 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 $148.47 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $237.00 to $60.00. This represents a potential -17.25% downside from LEN's last price of $179.41.
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%), 12 'Buy' (60.00%), 6 'Hold' (30.00%), 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 |
|---|---|---|---|---|---|---|
| Jul 22, 2024 | Susan Maklari | Goldman Sachs | $174.00 | $170.94 | 1.79% | -3.02% |
| Jun 20, 2024 | Mike Dahl | RBC Capital | $145.00 | $148.72 | -2.50% | -19.18% |
| Jun 20, 2024 | Susan Maklari | Goldman Sachs | $180.00 | $148.72 | 21.03% | 0.33% |
| Jun 20, 2024 | Stephen Kim | Evercore ISI | $237.00 | $148.72 | 59.36% | 32.10% |
| Jun 20, 2024 | Matthew Bouley | Barclays | $177.00 | $148.72 | 19.02% | -1.34% |
| Jun 14, 2024 | Anthony Pettinari | Citigroup | $183.00 | $153.06 | 19.56% | 2.00% |
| Jun 10, 2024 | Jay McCanless | Wedbush | $144.00 | $153.95 | -6.46% | -19.74% |
| Apr 11, 2024 | Chris Graja | Argus Research | $175.00 | $160.27 | 9.19% | -2.46% |
| Mar 15, 2024 | Collin Verron | Jefferies | $144.00 | $156.57 | -8.03% | -19.74% |
| Mar 15, 2024 | John Lovallo | UBS | $198.00 | $156.57 | 26.46% | 10.36% |
The latest Lennar stock forecast, released on Jul 22, 2024 by Susan Maklari from Goldman Sachs, set a price target of $174.00, which represents a 1.79% increase from the stock price at the time of the forecast ($170.94), and a -3.02% decrease from LEN last price ($179.41).
Lennar Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 7 | 15 |
| Avg Price Target | - | $177.14 | $174.93 |
| Last Closing Price | $179.41 | $179.41 | $179.41 |
| Upside/Downside | -100.00% | -1.27% | -2.50% |
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 $179.41. 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 |
|---|---|---|---|---|
| Sep 04, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Aug 05, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 05, 2024 | Seaport Global | Neutral | Sell | Downgrade |
| Aug 05, 2024 | Seaport Global | - | Neutral | Downgrade |
| Jul 22, 2024 | Goldman Sachs | Buy | Neutral | Downgrade |
| Jul 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 09, 2024 | Wedbush | Underperform | Neutral | Upgrade |
| Jul 02, 2024 | Raymond James | Outperform | Market Perform | Downgrade |
| Jun 20, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Jun 20, 2024 | BTIG | Buy | Buy | Hold |
Lennar's last stock rating was published by Keefe, Bruyette & Woods on Sep 04, 2024. The company gave LEN a "Outperform" rating, the same as its previous rate.
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 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.05B | - | - | $8.93B | $8.36B | - | $8.43B | $6.94B | $6.43B | - | $6.83B | $5.87B | $5.29B | $4.51B | $6.97B | $5.86B |
| Avg Forecast | $11.58B | $10.10B | $9.02B | $7.89B | $10.96B | $10.11B | $9.24B | $7.40B | $10.13B | $9.14B | $8.48B | $7.39B | $10.23B | $8.49B | $7.22B | $5.91B | $9.97B | $7.56B | $8.11B | $6.16B | $8.51B | $7.22B | $6.10B | $5.13B | $6.53B | $5.33B | $5.19B | $4.15B | $6.47B | $5.44B |
| High Forecast | $11.58B | $10.10B | $9.02B | $7.89B | $10.96B | $10.11B | $9.24B | $7.40B | $10.13B | $9.26B | $8.48B | $7.39B | $10.36B | $8.49B | $7.22B | $5.91B | $9.97B | $9.08B | $9.74B | $6.45B | $8.90B | $7.56B | $6.38B | $5.37B | $6.83B | $5.57B | $5.43B | $4.34B | $6.77B | $5.69B |
| Low Forecast | $11.58B | $10.10B | $9.02B | $7.89B | $10.96B | $10.11B | $9.24B | $7.40B | $10.13B | $9.04B | $8.48B | $7.39B | $9.99B | $8.49B | $7.22B | $5.91B | $9.97B | $6.05B | $6.49B | $5.88B | $8.12B | $6.90B | $5.82B | $4.90B | $6.23B | $5.09B | $4.95B | $3.96B | $6.17B | $5.20B |
| # Analysts | 4 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 4 | 8 | 4 | 9 | 11 | 5 | 5 | 7 | 6 | 14 | 18 | 5 | 5 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | - | - | 1.18% | 1.03% | - | 0.99% | 0.96% | 1.05% | - | 1.05% | 1.10% | 1.02% | 1.09% | 1.08% | 1.08% |
Lennar's average Quarter revenue forecast for Aug 23 based on 5 analysts is $8.49B, with a low forecast of $8.49B, and a high forecast of $8.49B. 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 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 4 | 8 | 4 | 9 | 11 | 5 | 5 | 7 | 6 | 14 | 18 | 5 | 5 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.18B | - | - | $2.06B | $1.96B | - | $1.62B | $876.81M | $1.13B | - | $1.16B | $5.01B | $589.76M | $429.42M | $890.45M | $648.36M |
| Avg Forecast | $1.97B | $1.72B | $1.54B | $1.34B | $1.87B | $1.72B | $1.57B | $1.26B | $1.73B | $1.56B | $1.45B | $1.13B | $1.74B | $1.45B | $1.23B | $1.03B | $1.70B | $2.00B | $1.42B | $932.97M | $1.69B | $1.82B | $977.02M | $805.91M | $1.11B | $564.37M | $422.35M | $242.25M | $808.79M | $549.37M |
| High Forecast | $1.97B | $1.72B | $1.54B | $1.34B | $1.87B | $1.72B | $1.57B | $1.26B | $1.73B | $1.58B | $1.45B | $1.35B | $1.76B | $1.45B | $1.23B | $1.23B | $1.70B | $2.40B | $1.71B | $1.12B | $2.03B | $2.18B | $1.17B | $967.10M | $1.16B | $677.24M | $506.82M | $290.70M | $970.55M | $659.25M |
| Low Forecast | $1.97B | $1.72B | $1.54B | $1.34B | $1.87B | $1.72B | $1.57B | $1.26B | $1.73B | $1.54B | $1.45B | $903.12M | $1.70B | $1.45B | $1.23B | $821.01M | $1.70B | $1.60B | $1.14B | $746.38M | $1.35B | $1.45B | $781.61M | $644.73M | $1.06B | $451.49M | $337.88M | $193.80M | $647.04M | $439.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.03% | 1.38% | - | 0.96% | 0.48% | 1.15% | - | 1.05% | 8.88% | 1.40% | 1.77% | 1.10% | 1.18% |
5 analysts predict LEN's average Quarter EBITDA for Aug 23 to be $1.45B, with a high of $1.45B and a low of $1.45B. 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 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 4 | 8 | 4 | 9 | 11 | 5 | 5 | 7 | 6 | 14 | 18 | 5 | 5 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $871.69M | - | - | $1.47B | $1.32B | - | $1.19B | $1.41B | $831.36M | - | $882.76M | $666.42M | $517.41M | $398.45M | $674.30M | $513.37M |
| Avg Forecast | $1.58B | $1.25B | $1.03B | $816.82M | $1.43B | $1.24B | $1.05B | $737.72M | $1.28B | $997.50M | $884.61M | $822.60M | $1.26B | $963.20M | $637.10M | $747.82M | $1.33B | $1.53B | $1.07B | $679.83M | $1.26B | $1.39B | $729.20M | $605.05M | $652.25M | $427.19M | $311.32M | $213.93M | $592.68M | $408.36M |
| High Forecast | $1.58B | $1.25B | $1.03B | $816.82M | $1.43B | $1.24B | $1.05B | $737.72M | $1.28B | $1.04B | $884.61M | $987.12M | $1.28B | $963.20M | $637.10M | $897.38M | $1.33B | $1.84B | $1.29B | $815.80M | $1.51B | $1.67B | $875.04M | $726.06M | $691.35M | $512.63M | $373.58M | $256.72M | $711.21M | $490.03M |
| Low Forecast | $1.58B | $1.25B | $1.03B | $816.82M | $1.43B | $1.24B | $1.05B | $737.72M | $1.28B | $983.84M | $884.61M | $658.08M | $1.22B | $963.20M | $637.10M | $598.25M | $1.33B | $1.23B | $858.66M | $543.87M | $1.01B | $1.12B | $583.36M | $484.04M | $613.78M | $341.75M | $249.06M | $171.14M | $474.14M | $326.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.37% | - | - | 0.96% | 1.23% | - | 0.95% | 1.01% | 1.14% | - | 1.35% | 1.56% | 1.66% | 1.86% | 1.14% | 1.26% |
Lennar's average Quarter net income forecast for Aug 23 is $963.20M, with a range of $963.20M to $963.20M. LEN's average Quarter net income forecast represents a 10.50% 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 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 4 | 8 | 4 | 9 | 11 | 5 | 5 | 7 | 6 | 14 | 18 | 5 | 5 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $124.75M | - | - | $601.41M | $105.21M | - | $102.19M | $94.94M | $90.72M | - | $95.46M | $-92.66M | $490.64M | $465.74M | $584.53M | $537.34M |
| Avg Forecast | $482.29M | $420.57M | $375.62M | $328.77M | $456.70M | $421.10M | $385.11M | $308.31M | $422.16M | $380.65M | $353.38M | $185.67M | $426.06M | $353.70M | $300.92M | $168.79M | $415.38M | $103.47M | $85.50M | $153.44M | $108.10M | $94.06M | $79.57M | $66.79M | $271.93M | $59.40M | $50.21M | $46.63M | $81.78M | $73.67M |
| High Forecast | $482.29M | $420.57M | $375.62M | $328.77M | $456.70M | $421.10M | $385.11M | $308.31M | $422.16M | $385.56M | $353.38M | $222.80M | $431.42M | $353.70M | $300.92M | $202.54M | $415.38M | $124.16M | $102.60M | $184.13M | $129.72M | $112.88M | $95.48M | $80.14M | $284.47M | $71.28M | $60.25M | $55.95M | $98.14M | $88.41M |
| Low Forecast | $482.29M | $420.57M | $375.62M | $328.77M | $456.70M | $421.10M | $385.11M | $308.31M | $422.16M | $376.55M | $353.38M | $148.53M | $416.17M | $353.70M | $300.92M | $135.03M | $415.38M | $82.78M | $68.40M | $122.75M | $86.48M | $75.25M | $63.66M | $53.43M | $259.59M | $47.52M | $40.17M | $37.30M | $65.42M | $58.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | - | - | 5.81% | 1.23% | - | 0.95% | 1.01% | 1.14% | - | 0.35% | -1.56% | 9.77% | 9.99% | 7.15% | 7.29% |
Lennar's average Quarter SG&A projection for Aug 23 is $353.70M, based on 5 Wall Street analysts, with a range of $353.70M to $353.70M. 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 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 4 | 8 | 4 | 9 | 11 | 5 | 5 | 7 | 6 | 14 | 18 | 5 | 5 | 5 | 4 | 8 | 7 | 4 | 4 | 7 | 5 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.01 | - | - | $5.04 | $4.50 | - | $3.96 | $4.52 | $2.66 | - | $2.82 | $2.13 | $1.66 | $1.27 | $2.13 | $1.60 |
| Avg Forecast | $5.78 | $4.58 | $3.77 | $2.98 | $5.22 | $4.52 | $3.82 | $2.70 | $4.66 | $3.64 | $3.23 | $2.21 | $4.59 | $3.52 | $2.33 | $1.55 | $4.87 | $1.27 | $1.15 | $2.60 | $4.15 | $3.26 | $2.38 | $1.71 | $2.36 | $1.55 | $1.24 | $0.85 | $1.90 | $1.31 |
| High Forecast | $5.78 | $4.58 | $3.77 | $2.98 | $5.22 | $4.52 | $3.82 | $2.70 | $4.66 | $3.81 | $3.23 | $2.21 | $4.66 | $3.52 | $2.33 | $1.55 | $4.87 | $1.27 | $1.20 | $2.75 | $4.40 | $3.45 | $2.52 | $1.82 | $2.50 | $1.65 | $1.32 | $0.90 | $2.01 | $1.39 |
| Low Forecast | $5.78 | $4.58 | $3.77 | $2.98 | $5.22 | $4.52 | $3.82 | $2.70 | $4.66 | $3.59 | $3.23 | $2.21 | $4.45 | $3.52 | $2.33 | $1.55 | $4.87 | $1.27 | $1.11 | $2.44 | $3.90 | $3.07 | $2.24 | $1.61 | $2.22 | $1.46 | $1.17 | $0.80 | $1.79 | $1.24 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | - | - | 3.96% | 3.90% | - | 0.95% | 1.39% | 1.12% | - | 1.20% | 1.37% | 1.34% | 1.49% | 1.12% | 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 $3.52 and a high estimate of $3.52. 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 | $30.80 | $41.00 | 33.12% | Buy |
| IBP | Installed Building Products | $204.47 | $183.75 | -10.13% | Buy |
| TOL | Toll Brothers | $138.78 | $119.59 | -13.83% | Buy |
| MTH | Meritage Homes | $189.65 | $162.60 | -14.26% | Buy |
| LEN | Lennar | $179.42 | $148.47 | -17.25% | Buy |
| DHI | D.R. Horton | $186.14 | $141.44 | -24.01% | Buy |
| KBH | KB Home | $79.35 | $56.38 | -28.95% | Hold |
| PHM | PulteGroup | $130.20 | $86.15 | -33.83% | Buy |
| NVR | NVR | $9.07K | $4.90K | -45.97% | Hold |
LEN Forecast FAQ
Is Lennar a good buy?
Yes, according to 20 Wall Street analysts, Lennar (LEN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 60.00% of LEN's total ratings.
What is LEN's price target?
Lennar (LEN) average price target is $148.47 with a range of $60 to $237, implying a -17.25% from its last price of $179.41. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Lennar stock go up soon?
According to Wall Street analysts' prediction for LEN stock, the company can go down by -17.25% (from the last price of $179.41 to the average price target of $148.47), up by 32.10% based on the highest stock price target, and down by -66.56% based on the lowest stock price target.
Can Lennar stock reach $300?
LEN's average twelve months analyst stock price target of $148.47 does not support the claim that Lennar can reach $300 in the near future.
Did the LEN's actual financial results beat the analysts' financial forecasts?
Based on Lennar's last annual report (Nov 2021), the company's revenue was $27.13B, beating the average analysts forecast of $26.96B by 0.63%. Apple's EBITDA was $5.94B, beating the average prediction of $5.29B by 12.28%. The company's net income was $4.43B, beating the average estimation of $3.99B by 11.10%. Apple's SG&A was $398.38M, beating the average forecast of $348.52M by 14.31%. Lastly, the company's EPS was $14.28, beating the average prediction of $11.5 by 24.22%. In terms of the last quarterly report (May 2023), Lennar's revenue was $8.05B, beating the average analysts' forecast of $7.22B by 11.37%. The company's EBITDA was $1.18B, missing the average prediction of $1.23B by -3.75%. Lennar's net income was $871.69M, beating the average estimation of $637.1M by 36.82%. The company's SG&A was $124.75M, missing the average forecast of $300.92M by -58.54%. Lastly, the company's EPS was $3.01, beating the average prediction of $2.33 by 29.31%