Evercore ISI l Maintains an Underperform Rating on Lennar Corporation (LEN)

Lennar Corporation (NYSE:LEN) is one of the 10 Best Housing Stocks to Buy in 2026.

Lennar Corporation (NYSE:LEN) attracted mixed analyst reactions in April. On April 13, 2026, Evercore ISI lowered its price target to $82 from $89. It maintained an “Underperform” rating on the stock. As per the firm, builders “hit their historic buy signal” as small-cap peers fell below 0.80 times tangible book value, showing that the market has priced in a large portion of the negative news.

On April 8, Wells Fargo reduced its goal from $100 to $90 while maintaining an Equal Weight rating on Lennar Corporation (NYSE:LEN). Housing stocks underperformed the SPX by 12 points following the start of the Iran conflict, and the group is still not completely derisked entering Q1.

Evercore ISI l Maintains an Underperform Rating on Lennar Corporation (LEN)

The corporation forecasted second-quarter 2026 activity at 21,000-22,000 new orders and 20,000-21,000 deliveries, with average sales prices of $370,000-$375,000. Lennar Corporation (NYSE:LEN) expects gross margins of 15.5%-16.0%, SG&A of 8.9%-9.1%, and financial services operating earnings of $100 million-$110 million.

Lennar Corporation (NYSE:LEN) provides real estate-related financial and investment management services. It operates in four segments: homebuilding, financial services, multifamily, and Lennar Other.

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