Meritage Homes initiated with a Buy at BofA

BofA initiated coverage of Meritage Homes (MTH) with a Buy rating and $82 price target The firm views Meritage as a strong operator that has consistently gained share over the last decade and also thinks the current valuation is attractive, the analyst tells investors. Meritage’s market share has risen from 1.4% in Q1 of 2016 to 2.1% in Q1 of 2025 on a trailing 12 months basis and the company has become the fifth largest U.S. homebuilder by deliveries, the analyst noted.