These Analysts Boost Their Forecasts On D.R. Horton After Upbeat Q3 Results

D.R. Horton, Inc DHI reported solid third-quarter FY23 results.

D.R. Horton reported sales growth of 10.7% year-over-year to $9.725 billion, beating the consensus of $8.39 billion. EPS was $3.90 (-16% Y/Y), beating the consensus of $2.79.

DHI raised its FY23 outlook and now sees revenue of $34.7 billion-$35.1 billion (prior view $31.5 billion-$33 billion) versus the consensus of $32.3 billion.

D.R. Horton shares fell 1.9% to close at $125.42 on Thursday and added 0.1% in today’s pre-market trading.

These analysts made changes to their price targets on D.R. Horton following earnings announcement.

• Barclays boosted the price target on D.R. Horton from $138 to $150. Barclays analyst Matthew Bouley maintained an Overweight rating.
• JMP Securities increased the price target on D.R. Horton from $ $130 to $140. JMP Securities analyst Aaron Hecht maintained an Outperform rating.
• Credit Suisse analyst Daniel Oppenheim, meanwhile, reiterated D.R. Horton with a Neutral and maintained a $120 price target.

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