Analyst John Lovallo initiated coverage on the stock with a buy rating, with his price target of $232 implying more than 27% upside from Thursday's close.
Lovallo joins 11 other analysts covering the stock on Wall Street who have a strong buy or buy rating, per LSEG.
Within that same time, he also sees adjusted earnings growing roughly 16% annually and mid-to-high single-digit organic revenue growth.
"We believe BLDR is uniquely positioned to grow with its homebuilder customers and drive above market organic growth through its size/scale advantage and idiosyncratic growth initiatives, including the digital platform rollout," Lovallo also said.
BLDR YTD mountain BLDR, year-to-date The stock rose around 1% in premarket trading Friday after his move.
Persons:
John Lovallo, Lovallo
Organizations:
UBS, Wall
Locations:
FirstSource, U.S