Forestar Group Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Forestar Group stock have an average target of 38.67, with a low estimate of 36 and a high estimate of 43. The average target predicts an increase of 48.96% from the current stock price of 25.96.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$36	$38.67	$37	$43
Change	+38.67%	+48.96%	+42.53%	+65.64%

* Price targets were last updated on Jul 25, 2024.

Analyst Ratings

The average analyst rating for Forestar Group stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Rehaut JP Morgan	JP Morgan	Hold Maintains $38 → $36	Hold	Maintains	$38 → $36	+38.67%	Jul 25, 2024
Ryan Gilbert BTIG	BTIG	Strong Buy Maintains $41 → $37	Strong Buy	Maintains	$41 → $37	+42.53%	Jul 19, 2024
Anthony Pettinari Citigroup	Citigroup	Strong Buy Maintains $46 → $43	Strong Buy	Maintains	$46 → $43	+65.64%	Jul 2, 2024
Anthony Pettinari Citigroup	Citigroup	Strong Buy Maintains $44 → $46	Strong Buy	Maintains	$44 → $46	+77.20%	May 17, 2024
Michael Rehaut JP Morgan	JP Morgan	Hold Maintains $30 → $34	Hold	Maintains	$30 → $34	+29.04%	Dec 1, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

1.65B

from 1.51B

9.25%

from 1.51B

Revenue Next Year

1.84B

from 1.65B

11.64%

from 1.65B

EPS This Year

3.83

from 4.00

-4.22%

from 4.00

EPS Next Year

4.33

from 3.83

13.09%

from 3.83

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026
Revenue	931.80M	1.33B	1.52B	1.44B	1.51B	1.65B	1.84B
Revenue Growth	117.56%	42.28%	14.58%	-5.41%	5.05%	9.25%	11.64%
EPS	1.26	2.25	3.59	3.33	4.00	3.83	4.33
EPS Growth	60.27%	78.57%	59.51%	-7.22%	20.12%	-4.22%	13.09%
Forward PE	-	-	-	-	-	6.78	5.99
No. Analysts	-	-	-	-	-	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	1.8B	2.0B
Avg	1.6B	1.8B
Low	1.6B	1.7B

Revenue Growth

Revenue Growth	2025	2026
High	16.1%	19.2%
Avg	9.2%	11.6%
Low	4.9%	5.5%

EPS Forecast

EPS	2025	2026
High	4.25	4.61
Avg	3.83	4.33
Low	3.59	4.05

EPS Growth

EPS Growth	2025	2026
High	6.3%	20.3%
Avg	-4.2%	13.1%
Low	-10.3%	5.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.