Rafe Jadrosich, an analyst from Bank of America Securities, reiterated the Buy rating on PulteGroup. The associated price target was raised to $140.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rafe Jadrosich has given his Buy rating due to a combination of factors including PulteGroup’s strong financial performance and resilience in a challenging market. The company reported second-quarter earnings that exceeded both the analyst’s and consensus expectations, driven by stronger-than-anticipated gross margins and SG&A performance. This financial strength has led to an increase in the price objective to $140, reflecting confidence in the company’s future prospects.
PulteGroup’s attractive return on equity and capital return relative to other builders further support the Buy rating. Despite a volatile demand environment, the company has shown resilience, particularly in the active adult segment, which has outperformed other categories. Additionally, PulteGroup’s strategic management of costs and inventory positions it well to navigate the current market conditions, with expectations of a favorable mix impact on margins in 2026. These factors collectively underpin the positive outlook for PulteGroup’s stock.
In another report released today, UBS also maintained a Buy rating on the stock with a $150.00 price target.