Smith Douglas Homes price target raised to $19 from $17 at JPMorgan

JPMorgan raised the firm’s price target on Smith Douglas Homes (SDHC) to $19 from $17 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.