KBH Price Prediction Next Week
Technical Analysis: KBH shows a bearish trend in the short term, with the stock declining from $63.52 to $61.26 in recent trading sessions. The stock has formed a lower high and lower low pattern, indicating increasing selling pressure.
News Impact: Recent news indicates mixed sentiment for homebuilders:
- Toll Brothers' disappointing revenue and unit home sales have negatively impacted the entire homebuilder sector
- KB Home's Q4 2024 results beat expectations with 17% delivery growth, but management noted negative double-digit order growth in early 2025
- Higher rates and rate volatility continue impacting homebuyer demand, leading to increased incentives to maintain sales pace
Price Prediction for Next Week: Based on technical analysis and recent news:
- Support level: $60.80
- Resistance level: $63.50
- Expected trading range: $60.50-$62.50
Target price: $61.00 by end of next week
Recommendation: SELL Rationale:
- Bearish technical indicators
- Sector-wide pressure from higher mortgage rates
- Management's cautious outlook on order growth
- Recent negative sector news from peer companies
The stock is likely to test lower support levels before finding stability. Current shareholders should consider taking profits, while potential buyers should wait for better entry points.
KBH Similar Chart Price Prediction
The price of KBH is predicted to go up -9.83%, based on the high correlation periods with TOL. The similarity of these two price pattern on the periods is 93.61%.
KBH
TOL
Down: -9.83%Similarity: 93.61%
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KBH Analyst's Forecast
Buck Horne
Raymond James
Buy
2025-01-21
Price Target
$93 → $80
Upside
+19.35%
Raymond James lowered the firm's price target on KB Home to $80 from $93 and keeps an Outperform rating on the shares. KB Home offers an "asymmetric" risk/reward despite the recent headwinds from surging mortgage rates, the analyst tells investors in a research note. The market's recent pessimism for homebuilders has left KB Home's expectations very achievable, even in a "higher for longer" mortgage rate environment, the firm says.
Kenneth Zener
Seaport Global
Strong Sell → Hold
2025-01-15
Price Target
n/a
Downside
0%
Matthew Bouley
Barclays
Hold
2025-01-14
Price Target
$85 → $60
Downside
-10.67%
