KB Home price target raised to $99 from $78 at Barclays

Barclays raised the firm’s price target on KB Home to $99 from $78 and keeps an Overweight rating on the shares. The company reported a Q3 orders miss on “choppy” demand earlier in quarter with August and September improvement, the analyst tells investors in a research note. The firm says KB Home posted a gross margin shortfall tied to mix and price pressures. However, the company’s initial fiscal 2025 revenue guidance surprised positively, well above the Street, adds Barclays.