From Nasdaq:

Warren Buffett shifts focus from technology stocks to United States real estate sector, particularly in homebuilder stocks like Lennar Co. (NYSE: LEN) which is on track to reach new all-time highs, unaffected by chip wars.

Many mortgages hold at 3.2% interest rate, discouraging sales due to high monthly payments with average home price at $492,300. Buffet’s interest in Lennar stock signals solution: increase real estate inventory to lower rates and drive demand, potential interest rate cuts expected by Fed boosting homebuilders’ bullish sentiment.

JMP Group upgrades Lennar stock price target to $170, citing potential 5% rally, backed by Fisher Investments raising stake. Lennar’s expected EPS growth of 11% outshines competitors like Toll Brothers, outperforming broader real estate sector by 58% in past year. Analysts bullish on Lennar’s future strength.



Read more at Nasdaq: Can Lennar Stock Reach a New All-Time High? Market Says Yes