Oppenheimer analyst Tyler Batory maintains $Tri Pointe Homes (TPH.US)$ with a buy rating, and adjusts the target price from $56 to $53.
According to TipRanks data, the analyst has a success rate of 61.6% and a total average return of 8.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tri Pointe Homes (TPH.US)$'s main analysts recently are as follows:
The firm acknowledges TRI Pointe's Q3 order shortfall yet points out that the company's gross margins are expected to stay robust until the end of 2024. Although there could be some pressure on margins in the first half of 2025 due to increased incentives, the firm maintains a positive outlook on the shares.
Following the Q3 earnings report, TRI Pointe presents an appealing narrative with its market expansion strategy, emphasis on strategically located land, and distinctive product offerings. Despite a less vigorous EPS growth forecast for 2025 compared to 2024, mid-single digit growth projections are still put forth, which may be on the cautious side.
Note:
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