Bank of America Lowers Meritage Homes Price Target

Analysts cut price objective on construction company's stock to $72 from $74

Apr. 20, 2026 at 3:48pm

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A highly stylized, photorealistic studio photograph of a polished metal sculpture in the shape of a house, resting on a clean, monochromatic background and dramatically lit to convey a sense of abstract corporate strategy and market trends.A sleek, minimalist sculpture evokes the shifting fortunes of the homebuilding industry as analysts adjust their outlooks.Scottsdale Today

Bank of America lowered its price target on shares of Meritage Homes (NYSE:MTH) from $74.00 to $72.00 and maintained a 'neutral' rating on the stock. The analysts cited the construction company's recent performance in their research note on Monday.

Why it matters

Meritage Homes is a major national homebuilder, so changes to its stock price target by influential analysts like Bank of America can impact investor sentiment and the company's valuation in the market.

The details

Bank of America's new $72.00 price target on Meritage Homes represents a potential upside of 4.34% from the company's current trading price. The analysts cited the company's recent financial results and market conditions in their decision to lower the price target, though they maintained their 'neutral' rating on the stock.

  • Bank of America issued the updated price target and rating on Meritage Homes on Monday, April 20, 2026.

The players

Bank of America

A major American multinational investment bank and financial services company.

Meritage Homes

A national homebuilder and residential developer headquartered in Scottsdale, Arizona.

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The takeaway

This price target adjustment by Bank of America reflects the ongoing volatility and uncertainty in the homebuilding sector, as analysts weigh factors like rising interest rates, supply chain challenges, and shifting consumer demand.