Louisiana-Pacific Corp (NYSE:LPX) is one of the best land and timber stocks to buy now. The stock has retreated about 7% year to date, and the Street believes the dip presents a buying opportunity.
Michal Bellan/Shutterstock.com
On May 8, DA Davidson reiterated a Buy rating on Louisiana-Pacific Corp (NYSE:LPX) stock but lowered the price target on the shares to $103 from $114. The firm based the price cut on what it described as near-term pressures on the company’s oriented strand board business. Other than that, DA Davidson made it clear that the price cut doesn’t reflect a decline in the stock’s perceived underlying value.
The firm highlighted some of the steps Louisiana-Pacific is taking to grow its business and noted an improved go-forward setup.
These steps include capturing a larger share of the large builder market. The management considers this market underpenetrated and sees a massive opportunity ahead. Louisiana-Pacific has secured two new enterprise deals so far in 2026, demonstrating progress in the large builder market penetration.
The other step is expanding the ExpertFinish capacity. This product line has been a growth driver for Louisiana-Pacific. The company has earmarked $200 million for strategic growth capex, and half of that is allocated to ExpertFinish expansion.
Tennessee-based Louisiana-Pacific Corp (NYSE:LPX) manufactures engineered wood building materials. Its products include siding, trim, fascia, and oriented strand board. Its supplies are used in new home constructions, repairs, and remodeling.
While we acknowledge the potential of LPX 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.
READ NEXT: 10 Best Sin Stocks to Buy Now and 8 Best CBD Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
