These Analysts Boost Their Forecasts On Toll Brothers After Strong Q4 Results
Portfolio Pulse from Avi Kapoor
Toll Brothers, Inc. (NYSE:TOL) exceeded Q4 earnings expectations with $4.11 per share against estimates of $3.71 and reported sales of $3.02 billion, surpassing the $2.77 billion forecast. The company anticipates 1,800-1,900 deliveries in Q1 and 9,850-10,350 for FY24. Post-earnings, TOL shares rose 2.6% to $91.23. Analysts from Barclays, Goldman Sachs, UBS, and RBC Capital revised their price targets for TOL, with UBS setting the highest target at $112.
December 07, 2023 | 5:42 pm
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Toll Brothers reported strong Q4 results, surpassing earnings and sales estimates, and experienced a subsequent share price increase. Analysts have raised their price targets, indicating a positive outlook.
The positive earnings report and increased price targets from analysts suggest a bullish sentiment for TOL in the short term. The stock's recent gain reflects this optimism, and the raised forecasts by reputable financial institutions could further support the stock's upward trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100