Credit Suisse's Optimistic Stance On Toll Brothers: Exploring The Impressive Growth And 2024 Projections
Portfolio Pulse from Shivani Kumaresan
Credit Suisse analyst Daniel Oppenheim reiterated an Outperform rating on Toll Brothers Inc (NYSE:TOL) and raised the price target from $73 to $90. The analyst cited impressive 3Q/23 EPS of $3.73, exceeding consensus of $2.85, and raised the 2023 EPS estimate to $11.95 due to strong closings and margins. For 2024, the EPS is expected to be $9.55, up from $8.00. TOL's 77% y/y increase in orders exceeded consensus of a 60% y/y increase. TOL shares are trading higher by 3.03% at $78.22.
August 23, 2023 | 6:31 pm
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Credit Suisse analyst has raised the price target for Toll Brothers Inc (TOL) from $73 to $90, citing impressive 3Q/23 EPS and strong closings and margins. TOL's shares are trading higher by 3.03%.
The raised price target by Credit Suisse analyst indicates a positive outlook for TOL. The impressive 3Q/23 EPS and strong closings and margins are strong indicators of the company's performance. This news is likely to boost investor confidence, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100