
KB Home KBH.N shares down 2% at $52, in early trade
The homebuilder on Monday reported Q2 earnings above analysts' estimates and lowered its 2025 revenue forecast to $6.3 bln-$6.5 bln from $6.6 bln-$7 bln
At least five brokerages cut their price target on the KBH stock
BofA Global Research warns that lower deliveries and an unfavorable regional mix are expected to weigh on co's Q3 margins
Also cuts 2025 EPS forecast to $6.26 from $6.93
Wells Fargo also slightly lowered 2025 EPS forecast to $6.40 from $6.50 reflecting a weak operating outlook
Adds short-term pressure is likely as investors anticipate weaker guidance or a potential year-end miss, with risks leaning to the downside
4 of 15 brokerages rate the stock "buy", 9 "hold" and 2 "sell" or lower; their median PT is $58- data compiled by LSEG
Including session moves, shares are down 20.2% YTD
Brokerage | New PT | Old PT |
BofA | $54 | $58 |
Wells Fargo | $52 | $53 |
UBS | $80 | $86 |
Barclays | $49 | $56 |
RBC | $58 | $63 |