JPMorgan analyst Michael Rehaut raised the firm’s price target on Meritage Homes (MTH) to $74 from $69 and keeps a Neutral rating on the shares. The firm maintains a cautious stance on the homebuilders sector for 2026. JPMorgan expects an unfavorable demand/supply backdrop to bring additional pressure and downside risk for builder fundamentals. Builder fundamentals are likely to remain “relatively weak” in 2026, with persisting downside risk to estimates due to a still challenged demand/supply industry backdrop, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTH:
- Meritage Homes targets $100M in share repurchases per quarter in 2026
- When the Levee Breaks: How a Flood of Existing Homes On to the Market Could Sink Builder Stocks
- Meritage Homes Earnings Call: Navigating Challenges
- Meritage Homes price target lowered to $101 from $107 at UBS
- Meritage Homes Reports Q3 2025 Financial Results