On Nov 07, major Wall Street analysts update their ratings for $Builders FirstSource (BLDR.US)$, with price targets ranging from $200 to $230.
Loop Capital analyst Jeffrey Stevenson maintains with a buy rating, and maintains the target price at $230.
Oppenheimer analyst Tyler Batory maintains with a buy rating, and maintains the target price at $225.
Truist Financial analyst Keith Hughes maintains with a buy rating.
Stephens analyst Trey Grooms maintains with a buy rating, and adjusts the target price from $150 to $200.
B.Riley Financial analyst Alex Rygiel maintains with a buy rating, and adjusts the target price from $187 to $220.
Furthermore, according to the comprehensive report, the opinions of $Builders FirstSource (BLDR.US)$'s main analysts recently are as follows:
After Builders FirstSource reported Q3 results that aligned with expectations and revised its revenue outlook downward while maintaining its EBITDA forecast, it is noted that margins are beginning to stabilize. However, projections towards the lower end of future scenarios were made, with adjustments to the EPS estimates for the years 2024 and 2025 to align with the updated guidance and a more conservative revenue projection for 2025.
Following the company's third-quarter earnings surpassing expectations, the focus is on their forecast for FY25, which is primarily influenced by volume. Current projections suggest a low-single-digit blended end market by FY25, with the company maintaining robust gross margins that exceed initial projections.
Here are the latest investment ratings and price targets for $Builders FirstSource (BLDR.US)$ from 6 analysts:
Note:
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