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PulteGroup (PHM) Stock Forecast & Price Target

$139.44
-3.53 (-2.47%)
(As of 10/4/2024 ET)

PulteGroup - 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

Sell
0
Hold
6
Buy
10

Based on 16 Wall Street analysts who have issued ratings for PulteGroup in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 6 have given a hold rating, and 10 have given a buy rating for PHM.

Consensus Price Target

$135.93
-2.52% Downside
According to the 16 analysts' twelve-month price targets for PulteGroup, the average price target is $135.93. The highest price target for PHM is $189.00, while the lowest price target for PHM is $92.00. The average price target represents a forecasted downside of -2.52% from the current price of $139.44.
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PHM Analyst Ratings Over Time

TypeCurrent Forecast
10/7/23 to 10/6/24
1 Month Ago
9/7/23 to 9/6/24
3 Months Ago
7/9/23 to 7/8/24
1 Year Ago
10/7/22 to 10/7/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
13 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$135.93$133.14$112.21$86.27
Forecasted Upside-2.52% Downside2.26% Upside6.61% Upside19.48% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

PHM 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.
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PHM 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.
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PulteGroup Stock vs. The Competition

TypePulteGroupConstruction CompaniesS&P 500
Consensus Rating Score
2.63
2.56
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-2.52% Downside26.70% Upside7.04% Upside
News Sentiment Rating
Positive News

See Recent PHM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/2/2024Oppenheimer
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$151.00 ➝ $168.00+17.32%
9/19/2024Bank of America
4 of 5 stars
 Boost TargetBuy ➝ Buy$138.00 ➝ $160.00+10.90%
8/16/2024Wedbush
3 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$115.00 ➝ $115.00-6.24%
8/14/2024Wolfe Research
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T. Patterson
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DowngradeOutperform ➝ Peer Perform
7/25/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$135.00 ➝ $145.00+14.74%
7/25/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$141.00 ➝ $152.00+22.70%
7/24/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$113.00 ➝ $120.00-4.22%
7/24/2024Barclays
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 Boost TargetOverweight ➝ Overweight$131.00 ➝ $150.00+19.97%
7/24/2024BTIG Research
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 Boost TargetBuy ➝ Buy$133.00 ➝ $139.00+10.70%
7/15/2024Evercore ISI
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S. Kim
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Boost TargetOutperform ➝ Outperform$183.00 ➝ $189.00+59.86%
7/2/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$129.00 ➝ $117.00+12.26%
4/24/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$126.00 ➝ $131.00+16.92%
4/24/2024Zelman & Associates
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 UpgradeNeutral ➝ Outperform
1/11/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$91.00 ➝ $105.00-0.20%
1/4/2024UBS Group
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 DowngradeBuy ➝ Neutral$93.00 ➝ $120.00+19.46%
11/8/2023Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$80.00 ➝ $92.00+11.81%
7/26/2023Credit Suisse Group
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 Boost Target$71.00 ➝ $85.00+1.81%
6/14/2023Seaport Res Ptn
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K. Zener
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Reiterated RatingBuy
5/31/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageBuy$95.00+43.77%
4/26/2023VNET Group
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 Reiterated RatingMaintains
2/3/2023KeyCorp
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 Boost TargetOverweight$51.00 ➝ $66.00+9.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:30 PM ET.


Should I Buy PulteGroup Stock? PHM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these PulteGroup pros and cons to contact@marketbeat.com.

PulteGroup
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in PulteGroup, Inc.:

  • PulteGroup's stock price has been on an upward trend, reaching $141.86 on the latest trading day, indicating positive market sentiment.
  • Recent insider transactions show confidence in the company's future prospects, with directors and CFOs selling shares at higher prices, suggesting a positive outlook.
  • Analysts have given PulteGroup a "Moderate Buy" consensus rating with an average target price of $134.71, indicating potential for growth and value appreciation.
  • Financial institutions like Royal Bank of Canada, Raymond James, and Bank of America have raised their price targets and ratings for PulteGroup, signaling confidence in the company's performance.
  • Institutional investors, including Hsbc Holdings PLC and others, have been increasing their stakes in PulteGroup, reflecting strong institutional support and belief in the company's future.

PulteGroup
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in PulteGroup, Inc. for these reasons:

  • PulteGroup's stock experienced a 2.2% decline recently, which could indicate short-term volatility or market uncertainties affecting the company's performance.

PHM Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for PulteGroup is $135.93, with a high forecast of $189.00 and a low forecast of $92.00.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PHM shares.

According to analysts, PulteGroup's stock has a predicted downside of -2.52% based on their 12-month stock forecasts.

Over the previous 90 days, PulteGroup's stock had 1 downgrade by analysts.

PulteGroup has been rated by research analysts at Bank of America, Barclays, BTIG Research, Evercore ISI, JPMorgan Chase & Co., Oppenheimer, Raymond James, Royal Bank of Canada, Wedbush, and Wolfe Research in the past 90 days.

Analysts like PulteGroup more than other "construction" companies. The consensus rating score for PulteGroup is 2.63 while the average consensus rating score for "construction" companies is 2.56. Learn more on how PHM compares to other companies.


This page (NYSE:PHM) was last updated on 10/6/2024 by MarketBeat.com Staff
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