RBC Capital analyst Michael Dahl upgrades $KB Home (KBH.US)$ to a hold rating, and adjusts the target price from $70 to $67.
According to TipRanks data, the analyst has a success rate of 59.6% and a total average return of 9.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $KB Home (KBH.US)$'s main analysts recently are as follows:
The outlook for homebuilder stocks in 2025 is seen favorably, coinciding with what is perceived as peak pessimism in market sentiment that could herald significant buying opportunities for the sector. It is believed that the basic principles of the housing market are still strong and that public builders are poised to increase their market share against smaller, private competitors.
The reassessment of KB Home's valuation comes after a notable recent downturn and reset of investor expectations. Continued affordability challenges are anticipated to impact homebuilders due to sustained higher interest rates. Meanwhile, there has been a significant shift in investor sentiment towards a more negative view in recent months, which is believed to now offer a more balanced risk/reward scenario.
Note:
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