The Latest Analyst Ratings for Lennar
Portfolio Pulse from Benzinga Insights
Lennar (NYSE:LEN) has received a mix of analyst ratings over the last quarter, with 3 bullish, 5 somewhat bullish, 3 indifferent, 1 somewhat bearish, and 0 bearish ratings. The average price target among these analysts is $137.33, which is below the current price of $140.53, suggesting a potential downside. The average price target has increased by 1.4% from the previous target of $135.44. Analysts typically review stocks each quarter and provide ratings that reflect their outlook on stock performance.
December 13, 2023 | 12:00 pm
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NEGATIVE IMPACT
Lennar has a mix of analyst ratings with a slight overall negative outlook given the average price target is below the current stock price. The recent increase in the average price target suggests a positive adjustment in analysts' expectations.
The average price target being below the current stock price typically indicates that analysts expect the stock to perform less favorably in the short term. The increase in the average price target does provide a positive note, but since it's still below the current price, the overall impact is likely negative. The ratings are directly related to Lennar and are the primary focus of the article, hence the high relevance and importance. The confidence level is not at the maximum because analyst ratings are forecasts and not guarantees of performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100