Wedbush Maintains Outperform Rating for Builders FirstSource: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wedbush has reaffirmed its Outperform rating on Builders FirstSource (NYSE:BLDR) and increased its price target from $175.00 to $225.00. The stock is currently trading at $185.55, indicating a potential upside of 21.26% if it reaches the new target price. Builders FirstSource is a manufacturer and supplier of building materials, offering a range of products and services tailored for both large and small homebuilders.
February 12, 2024 | 5:00 pm
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Wedbush maintains an Outperform rating on Builders FirstSource, raising its price target from $175 to $225. The stock's current price is $185.55, suggesting a potential 21.26% increase.
The increase in the price target by Wedbush reflects a strong confidence in Builders FirstSource's growth potential and market position. Given the analyst's positive outlook and the significant potential upside to the new target price, this endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100