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Investing.com - DA Davidson has raised its price target on CRH plc (NYSE:CRH) to $116.00 from $110.00 while maintaining a Neutral rating on the stock. The new target sits close to CRH’s current trading price of $114.62, with the stock already up 22.78% year-to-date.
The firm revised its estimates to reflect recent transactions and their expected future impacts on the building materials company’s performance. According to InvestingPro data, CRH ’s management has been aggressively buying back shares as part of its capital deployment strategy.
DA Davidson noted that while CRH’s organic growth remains "relatively muted," its capital deployment initiatives are supplementing overall performance, driving mid-single-digit growth rates and earnings per share growth.
The research firm expects CRH to continue its "aggressive capital deployment campaign" going forward.
DA Davidson suggested that more meaningful valuation expansion for CRH would likely be tied to acceleration in the company’s organic growth rather than its acquisition strategy. While some analysts remain optimistic, with the highest price target at $150, InvestingPro analysis suggests the stock may be currently overvalued based on its comprehensive Fair Value model. InvestingPro offers 8 additional tips and extensive financial metrics for CRH in its Pro Research Report.
In other recent news, CRH PLC ADR reported its third-quarter 2025 earnings, revealing a slight beat in earnings per share (EPS) but a miss on revenue forecasts. The company announced an EPS of $2.21, surpassing the anticipated $2.18. However, revenue was reported at $11.06 billion, which fell short of the expected $11.13 billion. These financial results indicate mixed performance, with the earnings beat somewhat overshadowed by the revenue shortfall. Despite the earnings beat, the market reacted cautiously, reflecting broader economic concerns. While the stock experienced a decline in premarket trading, the focus remains on the company’s financial performance. Investors are likely paying close attention to these developments as they assess CRH’s future prospects.
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