Goldman Sachs lifted its price target to $190 and kept a Buy rating after the homebuilder’s earnings beat, highlighting confidence in growth despite broader housing-market pressures.
D.R. Horton reported quarterly earnings that beat analyst expectations, posting earnings per share of $3.20 and revenue of $9.23 billion. The performance was supported by a 4% increase in home-closing volumes to nearly 24,000 homes, indicating stronger sales activity during the period. Contributions from the company’s other business lines also helped lift results beyond forecasts. Following the report, Goldman Sachs raised its price target on the stock to $190 while maintaining a Buy rating, signaling confidence in the company’s growth potential despite ongoing pressure points in the broader housing market.