Key Highlights:
- Lennar (LEN, Financial) stock climbed by 2.8% in post-market trading despite mixed Q2 performance.
- Analysts foresee substantial growth with average target prices significantly higher than current levels.
- GF Value estimates suggest notable upside potential for Lennar shares.
Lennar Corp (NYSE: LEN) recently experienced a 2.8% increase in after-hours trading, driven by its diverse Q2 financial results. Although the homebuilding giant fell short of earnings expectations at $1.90 per share, it surpassed revenue projections with $8.38 billion. For the upcoming third quarter, Lennar projects home deliveries ranging from 22,000 to 23,000, with an anticipated average sales price between $380K and $385K.
Wall Street Analyst Insights
Based on the assessments from 15 analysts, Lennar Corp's (LEN, Financial) average one-year price target stands at $142.09, with a high projection of $216.00 and a low of $110.00. This average forecast suggests an impressive upside potential of 29.77% from the current share price of $109.49. Investors can explore more comprehensive estimates by visiting the Lennar Corp (LEN) Forecast page.
Additionally, the combined recommendation from 22 brokerage firms currently rates Lennar Corp (LEN, Financial) with an average recommendation of 2.6, signaling a "Hold" status. This rating operates on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 represents a Sell.
Evaluating GF Value Insights
According to GuruFocus analysis, the projected GF Value for Lennar Corp (LEN, Financial) in one year is $130.41, suggesting an upside of 19.11% from its present price of $109.49. GF Value symbolizes GuruFocus's calculated fair trading value, determined by historical multiples, past growth, and projected future business performance. To delve deeper into these figures, visit the Lennar Corp (LEN) Summary page.
