LGI Homes (LGIH) Stock Forecast & Price Target

$106.95

+2.61 (+2.50%)

(As of 07/26/2024 ET)

LGI Homes - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for LGI Homes in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 5 analysts, 2 have given a sell rating, 2 have given a hold rating, and 1 has given a buy rating for LGIH.

Consensus Price Target

$107.50
0.51% Upside

High Forecast	$160.00
Average Forecast	$107.50
Low Forecast	$74.00

According to the 5 analysts' twelve-month price targets for LGI Homes, the average price target is $107.50. The highest price target for LGIH is $160.00, while the lowest price target for LGIH is $74.00. The average price target represents a forecasted upside of 0.51% from the current price of $106.95.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Reduce	Reduce	Reduce	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$107.50	$110.50	$110.50	$93.75
Forecasted Upside	0.51% Upside	-4.30% Downside	-8.34% Downside	-12.97% Downside

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LGIH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LGIH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

LGI Homes Stock vs. The Competition

Type	LGI Homes	Finance Companies	S&P 500
Consensus Rating Score	1.80	2.45	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	0.51% Upside	35.46% Upside	9.15% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/10/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$95.00 ➝ $93.00	+5.63%
6/6/2024	Wedbush 3 of 5 stars	J. Mccanless Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Underperform ➝ Underperform	$74.00 ➝ $74.00	-23.41%
4/5/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Outperform ➝ Market Outperform	$160.00	+58.43%
11/20/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Zener Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/2/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:13 PM ET.

LGIH Forecast - Frequently Asked Questions

What is LGI Homes' forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for LGI Homes is $107.50, with a high forecast of $160.00 and a low forecast of $74.00.
Should I buy or sell LGI Homes stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" LGIH shares.
Does LGI Homes's stock price have much upside?: According to analysts, LGI Homes's stock has a predicted upside of 6.13% based on their 12-month stock forecasts.
What analysts cover LGI Homes?: LGI Homes has been rated by research analysts at JPMorgan Chase & Co., and Wedbush in the past 90 days.
Do Wall Street analysts like LGI Homes more than its competitors?: Analysts like LGI Homes less than other "finance" companies. The consensus rating for LGI Homes is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how LGIH compares to other companies.