Builders FirstSource

BLDR · NYSE

$53.92+$0.97 (+1.83%)TodayMarket closed · Oct 20, 7:41 PM ET

Prev close $52.95

BLDR analyst rating

HoldConsensus of 19 analysts over the last 12 months. 42% rate it a buy.

Strong buy0
Buy8
Hold11
Underperform0
Sell0

12-month price target · 26 analysts

Average $81.54 (+51.2% upside)

Low: $61.61
Now: $53.92
High: $105.00

Upgrades and downgrades

The latest rating actions, newest first

BLDR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Oppenheimer	Oct 16, 2026	Maintains	Outperform	$90.00 → $78.00	34%
Wells Fargo	Oct 16, 2026	Maintains	Equal-Weight	$63.00 → $55.00	47%
Truist Securities	Oct 8, 2026	Maintains	Buy	$90.00 → $70.00	53%
RBC Capital	Oct 7, 2026	Downgrade	Outperform → Sector Perform	$88.00 → $62.00	59%
StoneX	Oct 1, 2026	Maintains	Buy	$100.00 → $85.00	52%
Wells Fargo	Sep 11, 2026	Maintains	Equal-Weight	$65.00 → $63.00	47%
Citizens	Aug 21, 2026	Initiates	Market Perform	—	27%
UBS	Jul 31, 2026	Maintains	Buy	$122.00 → $88.00	46%
RBC Capital	Jul 31, 2026	Maintains	Outperform	$107.00 → $88.00	59%
Oppenheimer	Jul 31, 2026	Maintains	Outperform	$110.00 → $90.00	34%

The case for and against

Updated Oct 14, 2026

Bull case

Builders FirstSource is favored because its market-leading position in a fragmented industry, broad scale, and value-added product mix support share gains and stronger gross margins even in a difficult housing backdrop. The company’s downturn playbook—$100 million of cost actions, $50-$70 million of FY26 productivity savings, and disciplined SG&A management near 21% of revenue—should help offset weaker volumes, while its 2022 sustainability framework and 28,000-plus employees reinforce operational resilience. Long term, the housing market remains underbuilt and management’s ability to drive manufactured products, digital capabilities, and potential M&A or buybacks could lift EBITDA toward the $1.06 billion to $1.36 billion CY’26E range and beyond.

Bear case

Builders FirstSource is facing a weak fundamental setup because roughly 70% of its business depends on single-family construction, and current starts suggest a 4% decline in 2Q26 volume and a 5% drop in 3Q26, still below 2H26 guidance. Persistent lumber price volatility, softer pricing as builders cut input costs, and home size compression are pressuring both margins and revenue per start, while EBITDA has already averaged roughly 20% below original outlook over the past two years. Elevated net leverage just over 3x in 1Q26 and lower-than-expected free cash flow increase financial risk and limit flexibility for buybacks or M&A if housing conditions remain weak.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.