TopBuild Corp (BLD) PT Lowered to $465 at DA Davidson Following Conservative Guide

DA Davidson analyst Kurt Yinger lowered the price target on TopBuild Corp (NYSE: BLD) to $465.00 (from $485.00) while maintaining a Buy rating.

The analyst commented, "We are updating our model following 4Q results reported in late-February. Shares of BLD have traded off ~24% since the report, weighed down by dampened optimism around a pickup in new residential construction, as well as more significant expected price/cost pressures in 2026. We believe the full-year guide includes a prudent assumption set that skews somewhat conservative; upside potential is possible should single-family activity improve as the year progresses, as other building product companies have assumed. We maintain our BUY rating, but lower 2026E EBITDA by 7% and trim our PT to $465."

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