KB Home launches new community, stock rises 6.08%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Jan 26
Source: TipRanks
KB Home's stock increased by 6.08% as it reached a 5-day high, reflecting positive investor sentiment.
This surge is attributed to KB Home's launch of the Somerset community in Victorville, California, with homes starting from the mid $400,000s. The community offers personalized designs and energy-efficient homes, which are expected to drive sales growth in the Southern California market. The strategic location and amenities further enhance its appeal to homebuyers.
The successful launch of this community positions KB Home favorably in the competitive housing market, likely contributing to increased sales and customer satisfaction.
Analyst Views on KBH
Wall Street analysts forecast KBH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KBH is 58.38 USD with a low forecast of 50.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
6 Hold
1 Sell
Hold
Current: 57.950
Low
50.00
Averages
58.38
High
71.00
Current: 57.950
Low
50.00
Averages
58.38
High
71.00
About KBH
KB Home is a homebuilding company, which builds a variety of new homes, including attached and detached single-family residential homes, townhomes and condominiums, designed primarily for first-time and first move-up, as well as second move-up and active adult homebuyers. It offers homes in development communities, in urban in-fill locations and as part of mixed-use projects. The Company's segments include homebuilding and financial services. The homebuilding segment is engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers various insurance products to its homebuyers in the markets where the Company builds homes and provides title services in certain of those markets. Its financial services also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture between the Company and a third party.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
