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Installed Building Products Inc has a consensus price target of $218.62 based on the ratings of 18 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 DA Davidson, RBC Capital, and Evercore ISI Group on November 8, 2024, November 8, 2024, and October 16, 2024, respectively. With an average price target of $243 between DA Davidson, RBC Capital, and Evercore ISI Group, there's an implied 13.45% 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 DA Davidson on November 8, 2024. The analyst firm set a price target for $260.00 expecting IBP to rise to within 12 months (a possible 21.39% upside). 26 analyst firms have reported ratings in the last year.
The latest analyst rating for Installed Building Prods (NYSE:IBP) was provided by DA Davidson, and Installed Building Prods maintained their buy 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 November 8, 2024 when RBC Capital changed their price target from $203 to $197 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 November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
While ratings are subjective and will change, the latest Installed Building Prods (IBP) rating was a maintained with a price target of $275.00 to $260.00. The current price Installed Building Prods (IBP) is trading at is $214.19, which is out of the analyst’s predicted range.
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