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Installed Building Products Inc has a consensus price target of $214.5 based on the ratings of 19 analysts. The high is $295 issued by Goldman Sachs on August 2, 2024. The low is $95 issued by Credit Suisse on April 5, 2022. The 3 most-recent analyst ratings were released by Stephens & Co., RBC Capital, and Goldman Sachs on August 5, 2024, August 2, 2024, and August 2, 2024, respectively. With an average price target of $246 between Stephens & Co., RBC Capital, and Goldman Sachs, there's an implied 5.90% upside for Installed Building Products Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Installed Building Prods (NYSE:IBP) was reported by Stephens & Co. on August 5, 2024. The analyst firm set a price target for $240.00 expecting IBP to rise to within 12 months (a possible 3.32% upside). 28 analyst firms have reported ratings in the last year.
The latest analyst rating for Installed Building Prods (NYSE:IBP) was provided by Stephens & Co., and Installed Building Prods reiterated their equal-weight rating.
The last upgrade for Installed Building Products Inc happened on December 14, 2023 when JP Morgan raised their price target to $199. JP Morgan previously had a neutral for Installed Building Products Inc.
The last downgrade for Installed Building Products Inc happened on February 28, 2024 when JP Morgan changed their price target from $199 to $242 for Installed Building Products Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Installed Building Prods, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Installed Building Prods was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Installed Building Prods (IBP) rating was a reiterated with a price target of $240.00 to $240.00. The current price Installed Building Prods (IBP) is trading at is $232.29, which is out of the analyst’s predicted range.
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