NVR

NVR · NYSE

$5,977.67+$149.67 (+2.57%)TodayMarket closed · Oct 20, 7:32 PM ET

Prev close $5,828.00

NVR analyst rating

HoldConsensus of 7 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy2
Hold3
Underperform1
Sell1

12-month price target · 7 analysts

Average $6,917.64 (+15.7% upside)

Low: $5,720.64
Now: $5,977.67
High: $7,818.30

Upgrades and downgrades

The latest rating actions, newest first

NVR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 1, 2026	Initiates	Underweight	$5,058.00	29%
UBS	Jul 24, 2026	Maintains	Neutral	$7,700.00 → $7,400.00	46%
Truist Securities	Jul 24, 2026	Maintains	Hold	$6,600.00 → $6,400.00	0%
B of A Securities	Jul 20, 2026	Maintains	Buy	$7,600.00 → $7,200.00	58%
Zelman & Assoc	Jul 7, 2026	Upgrade	Hold → Buy	—	29%
UBS	Apr 23, 2026	Maintains	Neutral	$8,100.00 → $7,700.00	46%
Truist Securities	Apr 23, 2026	Maintains	Hold	$7,100.00 → $6,600.00	0%
B of A Securities	Apr 20, 2026	Maintains	Buy	$8,600.00 → $8,225.00	58%
Truist Securities	Apr 16, 2026	Maintains	Hold	$7,700.00 → $7,100.00	0%
Seaport Global	Apr 7, 2026	Downgrade	Neutral → Sell	$5,664.00	62%

The case for and against

Updated May 1, 2025

Bull case

NVR Inc has demonstrated broad-based gains in its regional margin profile since 2019, indicating robust performance across various geographic areas beyond its traditional Mid-Atlantic footprint, which contributes 48% of its Last Twelve Months (LTM) Earnings Before Interest and Taxes (EBIT). The company’s strategic use of a finished land approach has provided a favorable "net price" tailwind, enhancing its cyclical margins and overall profitability. These factors contribute to a strong outlook for NVR's stock, underscoring the company's capacity to sustain and expand its financial performance in diverse markets.

Bear case

NVR Inc. is currently facing a significant slowdown in housing activity, which poses a risk to its financial performance in upcoming quarters. The company is revising its earnings projections for fiscal years 2024 and 2025 downward, with anticipated EPS of $471 and $460, respectively, reflecting modestly lower margins amid cyclical concerns. Additionally, expectations for gross margins are declining from around 25% to the 20% range, indicating a potential headwind that may impact NVR's overall profitability and market competitiveness.

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.