HOV Stock Forecast: How Much More can Hovnanian Climb?

Meiru ZhongThis HOV Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.


  • There is a marked improvement in Hovnanian’s home sales as its ROE has rebounded from the trough, increasing by 15.2% in Q1 2023.
  • Although the housing demand is decelerated due to the uncertain economic outlook, the supply-demand mismatch is expected to drive HOV stock price to appreciate.
  • HOV attempts to reduce unnecessary costs, increase advertising expenses, offer favorable mortgage rates, and raise community counts to improve performance in 2023.
  • DCF values HOV stock price at $97, with 49% upside potential and technical analysis also supports this bullish forecast.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here