Reported 1 day ago
Citizens JMP has increased the price target for LGI Homes (NASDAQ:LGIH) to $85 from $75 while maintaining its 'Outperform' rating, citing the company's plans to handle reduced demand and continue profitability. In Q2 2025, LGI Homes sold 1,323 homes with an average sales price of $365,446, resulting in $483.5 million in revenue. The firm also highlighted an increase in gross margins and confidence in the long-term outlook of the housing market due to a structural shortage of new homes.
Source: YAHOO