Meritage Homes

MTH · NYSE

$60.23+$1.85 (+3.17%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $58.38

MTH analyst rating

HoldConsensus of 10 analysts over the last 12 months. 30% rate it a buy.

Strong buy0
Buy3
Hold6
Underperform0
Sell1

12-month price target · 11 analysts

Average $83.77 (+39.1% upside)

Low: $72.72
Now: $60.23
High: $97.65

Upgrades and downgrades

The latest rating actions, newest first

MTH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Oct 12, 2026	Maintains	Buy	$93.00 → $82.00	45%
Melius Research	Oct 6, 2026	Initiates	Sell	$59.00	—
Evercore ISI Group	Sep 25, 2026	Maintains	In-Line	$73.00 → $65.00	49%
Truist Securities	Sep 16, 2026	Downgrade	Buy → Hold	$80.00 → $72.00	0%
UBS	Jul 31, 2026	Maintains	Buy	$86.00 → $88.00	46%
Goldman Sachs	Jul 10, 2026	Maintains	Buy	$82.00 → $93.00	45%
Zelman & Assoc	Jul 7, 2026	Downgrade	Outperform → Neutral	—	29%
JP Morgan	Apr 28, 2026	Maintains	Neutral	$62.00 → $58.00	60%
UBS	Apr 24, 2026	Maintains	Buy	$95.00 → $86.00	46%
B of A Securities	Apr 20, 2026	Maintains	Neutral	$74.00 → $72.00	58%

The case for and against

Updated Jan 12, 2026

Bull case

Meritage Homes Corp is positioned for earnings growth driven by recent land investments and an anticipated increase in community counts. The company's projected return on equity (ROE) of 9.6-9.7% paired with stable gross margins forecasted at 20.9% and 21.0% for 2025-2026, indicates strong financial health. Additionally, a modest delivery growth of -1% to +6.0%, alongside sustained community count growth near 10%, underlines the potential for continued revenue generation in the homebuilding segment.

Bear case

Meritage Homes Corp has revised its forward earnings per share (EPS) estimates downward by 13% following its second-quarter earnings report, citing lower home deliveries, decreased gross margins, and increased selling, general, and administrative (SG&A) costs. The company operates in a challenging homebuilding environment characterized by elevated interest rates, high home prices, and stretched affordability, which collectively pose risks to housing demand and profit margins. Additionally, Meritage's relatively small size and low share count contribute to earnings volatility, heightening the uncertainty surrounding future investment returns.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.