Group 1: Company Overview - KB Home (NYSE:KBH) is a long-established American homebuilder founded in 1957, headquartered in Los Angeles, California, focusing on building customizable homes across multiple U.S. markets [3] Group 2: Financial Performance - In fiscal 2025, KB Home reported total revenues exceeding $6.2 billion and nearly $430 million in net income, reflecting a 10% increase in book value per share [2] Group 3: Market Outlook - BofA analyst Rafe Jadrosich raised the price target on KB Home to $63 from $58 while maintaining a Neutral rating, noting that fundamentals are likely to face pressure through 2026 due to weaker employment, migration trends, persistent inflation, and a competitive selling environment [1] - The homebuilding sector is expected to experience a "reset year" in 2026, driven by elevated new and resale inventory [1]
BofA Maintains Neutral Stance on KB Home (KBH) Amid 2026 Industry Pressures