D.R. Horton Gets Price Target Bumps By Analysts Following Upbeat Q2 Results

D.R. Horton DHI reported better-than-expected Q2 results and issued FY23 revenue guidance above estimates.

D.R. Horton reported sales of $7.97 billion, a slight decline of 0.33% year-over-year, beating the consensus of $6.47 billion, for the second-quarter of 2023. EPS was $2.73, beating the consensus of $1.93.

D.R. Horton sees FY22 revenue of $31.5 billion-$33 billion versus the consensus of $28.5 billion.

D.R. Horton shares gained 5.6% to close at $107.60 on Thursday and added 0.1% in today’s pre-market trading session.

These analysts made changes to their price targets on D.R. Horton following earnings announcement.

• Barclays boosted the price target on D.R. Horton from $114 to $131. Barclays analyst Matthew Bouley maintained an Overweight rating.
• JMP Securities raised the price target on D.R. Horton from $115 to $130. JMP Securities analyst Aaron Hecht maintained the stock with an Outperform rating.
• UBS raised the price target on D.R. Horton from $122 to $134. UBS analyst John Lovallo maintained the stock with a Buy.

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