What Are Wall Street Analysts' Target Price for Lennar Stock?

Lennar Corporation, a prominent homebuilder with a market capitalization of $20.9 billion, has been underperforming in comparison to the broader market. Over the past 52 weeks, LEN shares have declined by 33.4%, while the S&P 500 Index has gained 20.4%. Year-to-date, LEN stock has dropped 15.5%, compared to the S&P 500's 13.7% increase.

The Miami-based company's shares lagged behind the State Street Consumer Discretionary Select Sector SPDR ETF's (XLY) 3% return over the same period. Following its Q2 2026 results on June 11, LEN shares fell 4.9%. Analysts forecast a decline in EPS for the fiscal year ending in November 2026, with estimates suggesting a 311.5% year-over-year drop to $5.52.

In Q2 2026, LEN's revenue fell 5% to $7.94 billion, missing the consensus, while the average selling price decreased by 5% to $371,000 due to incentives aimed at boosting demand. Persistent high mortgage rates, affordability constraints, cautious consumer sentiment, inflation, and job uncertainty have raised concerns about further margin pressure and sluggish housing demand.

Among the 18 analysts covering LEN, the consensus rating stands at a Moderate Sell. This rating is based on one Strong Buy, eight Holds, two Moderate Sells, and seven Strong Sells. Truist analyst Jonathan Bettenhausen recently cut Lennar's price target to $80 and maintained a Hold rating. As of publication, LEN is trading above the mean price target of $84.36, with a Street-high target of $108, indicating a potential upside of 24.4%.