Forestar Group Inc. (FOR)
NYSE: FOR · IEX Real-Time Price · USD
34.01
+0.71 (2.13%)
May 31, 2024, 4:00 PM EDT - Market closed
Forestar Group Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Forestar Group stock have an average target of 37.17, with a low estimate of 32 and a high estimate of 46. The average target predicts an increase of 9.29% from the current stock price of 34.01.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Forestar Group stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $44 → $46 | Strong Buy | Maintains | $44 → $46 | +35.25% | May 17, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $30 → $34 | Hold | Maintains | $30 → $34 | -1.50% | Dec 1, 2023 |
| Citigroup | Citigroup | Strong Buy Maintains $30 → $32 | Strong Buy | Maintains | $30 → $32 | -5.91% | Jul 24, 2023 |
| BTIG | BTIG | Hold → Strong Buy Upgrades $32 | Hold → Strong Buy | Upgrades | $32 | -5.91% | Jul 21, 2023 |
| Citigroup | Citigroup | Strong Buy Maintains $22 → $30 | Strong Buy | Maintains | $22 → $30 | -11.79% | Jul 6, 2023 |
Financial Forecast
Revenue This Year
1.52B
from 1.44B
Increased by 6.06%
Revenue Next Year
1.74B
from 1.52B
Increased by 13.98%
EPS This Year
3.88
from 3.33
Increased by 16.47%
EPS Next Year
4.11
from 3.88
Increased by 6.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.6B | 1.9B | 1.9B |
| Avg | 1.5B | 1.7B | 1.8B |
| Low | 1.5B | 1.6B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.2% | 24.0% | 6.7% |
| Avg | 6.1% | 14.0% | 2.6% |
| Low | 1.1% | 6.4% | -0.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.10 | 4.41 |
| Avg | 3.88 | 4.11 |
| Low | 3.68 | 3.75 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 23.0% | 13.7% |
| Avg | 16.5% | 6.1% |
| Low | 10.4% | -3.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.