Goldman Sachs analyst Susan Maklari initiates coverage on $Builders FirstSource (BLDR.US)$ with a buy rating, and sets the target price at $225.
According to TipRanks data, the analyst has a success rate of 55.8% and a total average return of 2.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Builders FirstSource (BLDR.US)$'s main analysts recently are as follows:
As a vital ally to professional homebuilders and construction experts, Builders FirstSource is strategically placed to benefit from a resurgence in new residential construction and to expand its more profitable value-added products. This positions the company for a potential trajectory of above-average revenue and EBITDA expansion in the upcoming years. Additionally, there is the prospect of further enhancement to revenue and earnings forecasts through 2026.
The preference for building products over homebuilders is noted amidst a forecast that is clouded by uncertainty, as part of a third-quarter earnings preview for the sector.
The building products group is facing near-term challenges due to adverse weather conditions and a decline in housing starts, which may lead to stock volatility around earnings reports. Despite these headwinds, there is a positive outlook for the sector by 2025, anticipating lower rates and a potential relief rally in earnings for certain companies within the industry.
Note:
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