Morgan Stanley sets USD 65.00 target for Lennar stock

Published on 10/15/2026 at 21:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 8.70 percent in the third quarter. Lennar stock costs EUR 69.15 on October 15, 2026, up 6.71 percent versus the Tradegate close.

Morgan Stanley issues analyst view

Morgan Stanley began Lennar coverage with a USD 65.00 target on October 1, 2026.
Third-quarter revenue fell 8.70 percent to USD 8.05 billion.
Lennar stock costs EUR 69.15 at Lang & Schwarz on October 15, 2026 at 9:44 p.m. CEST, 6.71 percent above the Tradegate close of October 14, 2026.
Lennar's USD 0.50 dividend is payable on October 22, 2026.

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According to MarketBeat on October 14, 2026, Morgan Stanley began coverage of Lennar Corporation on October 1, 2026 with an Underweight rating and a USD 65.00 target. The target is 16.06 percent below the USD 77.43 NYSE price. Lennar stock was trading at EUR 69.15 at Lang & Schwarz on October 15, 2026 at 9:44 p.m. CEST, up 6.71 percent versus the Tradegate close of October 14, 2026 at EUR 64.80.

Third-quarter revenue and margins

FinanzNachrichten reported that Lennar's third-quarter 2026 revenue reached USD 8.05 billion, down 8.70 percent from the third quarter of 2025. Net earnings attributable to Lennar fell to USD 283.9 million from USD 591.0 million, while diluted earnings per share declined to USD 1.19 from USD 2.29. The report also identified USD 53 million of mark-to-market losses on technology investments and USD 39 million of one-time net items in Financial Services.

Price position after hours

The Lang & Schwarz bid was EUR 69.02 and the ask was EUR 69.28 at 9:44 p.m. CEST on October 15, 2026. On the NYSE, Lennar was last at USD 77.43 at 3:50 p.m. ET, up 5.30 percent from the USD 73.53 prior close. The session range was USD 75.21 to USD 78.20, and volume reached 4,808,063 shares against an average of 3,842,251. The 52-week range was USD 71.78 to USD 133.76, putting the stock 7.87 percent above its low.

Valuation and the next payment date

Lennar had a market capitalization of USD 18.4 billion and a price-to-earnings ratio of 14.64 at the October 15, 2026 finance snapshot. Its quarterly dividend is USD 0.50 per share, and Lennar Corporation said on September 23, 2026 that payment is scheduled for October 22, 2026.

Comparison with peers

Lennar Corporation: up 6.71 percent, P/E 14.64, market capitalization USD 18.4 billion.
D.R. Horton (NYSE, USD): up 4.18 percent, P/E 13.29, market capitalization USD 38.9 billion.
PulteGroup (NYSE, USD): up 3.10 percent, P/E 11.57, market capitalization USD 21.5 billion.

Tradegate comparison and market position

Lennar's euro quotation stood 6.71 percent above the Tradegate close as after-hours trading continued in Berlin. The NYSE price remained below its 52-week high by 42.12 percent, leaving the current level well inside the annual range. The further course of trading is shown by the continuously updated real-time quote of Lennar Corporation stock.