Citizens analyst James McCanless reiterated a Market Outperform rating and $145.00 price target on PulteGroup (NYSE: PHM).

The analyst commented, "Management reiterated comments from the 2Q26 conference call in July showing normal seasonality. Mr. Ossowski opined that there is patient demand in the market and cited the pickup in activity in early 2026 when mortgage rates dipped before the Middle East conflict. PHM has continued to shift into more move-up product and has also increased active adult communities across the footprint as those buyers are exhibiting the highest demand trends currently."

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Shares of PulteGroup closed at $128.49 yesterday.