We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Lennar Corporation (NYSE:LEN) is one of the stocks discussed by Jim Cramer.
Homebuilding giant Lennar Corporation (NYSE:LEN)’s shares are down by a strong 15.7% over the past year and 13.9% year-to-date. RBC Capital reduced the firm’s share price target to $85 from $88 and kept an Underperform rating. In its coverage, the financial firm discussed Lennar Corporation (NYSE:LEN)’s third-quarter guidance and the turmoil in the housing market, which led to the weaker-than-expected estimates. RBC added that sales incentives to spur growth might not last due to pricing pressures and the need to reduce prices. Ahead of Lennar Corporation (NYSE:LEN)’s second-quarter earnings, Bank of America reduced the firm’s share price target to $84 from $88 and kept an Underperform rating on the shares. Cramer discussed the earnings report in the context of a potential improvement in inflation as a gift for President Trump:
“He’s [Trump] maybe getting a gift, if you go through the Lennar quarter, which people, it kind of just happened. . .it just seems like even housing could come down.”
photo by Business-laptop-campaign-creators on Unsplash
While we acknowledge the potential of LEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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