Forestar Group Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, Forestar Group stock has a consensus rating of "Buy" and an average price target of $34. The average 1-year stock price forecast is 6.45% higher than the current stock price, while the lowest is $33 (+3.32%) and the highest is $35 (+9.58%).

Price Target: $34 (+6.45%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$33	$34	$34	$35
Change	+3.32%	+6.45%	+6.45%	+9.58%

* Price targets were last updated on Jan 28, 2026.

Analyst Ratings

The average analyst rating for Forestar Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Jan '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	2	2	1	1
Buy	1	1	1	1	1	1
Hold	1	1	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	5	5	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Rehaut J.P. Morgan	J.P. Morgan	Hold Maintains n/a	Hold	Maintains	n/a	n/a	May 18, 2026
Ryan Gilbert BTIG	BTIG	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Apr 22, 2026
Anthony Pettinari Citi	Citi	Buy Maintains $36 → $38	Buy	Maintains	$36 → $38	+18.97%	Jan 28, 2026

Financial Forecast

Revenue This Year

1.66B

from 1.66B

-0.01%

from 1.66B

Revenue Next Year

1.75B

from 1.66B

5.08%

from 1.66B

EPS This Year

2.94

from 3.30

-10.91%

from 3.30

EPS Next Year

3.18

from 2.94

8.04%

from 2.94

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026
Revenue	1.33B	1.52B	1.44B	1.51B	1.66B	1.66B
Revenue Growth	42.28%	14.58%	-5.41%	5.05%	10.14%	-0.01%
Gross Profit	229.20M	327.80M	323.50M	359.30M	363.50M	349.91M
Gross Margin	17.29%	21.58%	22.51%	23.80%	21.87%	21.05%
Operating Income	160.80M	234.20M	225.80M	240.80M	209.10M	195.73M
Net Income	110.20M	178.80M	166.90M	203.40M	167.90M	150.79M
EPS	-	-	-	-	3.30	2.94
EPS Growth	-	-	-	-	-17.41%	-10.91%
Forward PE	6.91	4.77	8.12	8.70	8.72	10.85
Free Cash Flow	178.30M	183.38M	111.53M	199.40M	108.09M	158.00M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	1.7B
Avg	1.7B
Low	1.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	1.5%
Avg	-0.0%
Low	-1.7%

EPS Forecast

EPS	2026	2027	2028
High	3.07
Avg	2.94
Low	2.87

EPS Growth

EPS Growth	2026	2027	2028
High	-7.1%
Avg	-10.9%
Low	-13.1%