Toll Brothers Analysts Boost Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Toll Brothers reported strong Q3 earnings, surpassing revenue and EPS estimates. The company raised its FY24 guidance, leading to increased price targets from several analysts. TOL shares rose 0.7% following the news.
August 22, 2024 | 3:44 pm
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Toll Brothers reported better-than-expected Q3 earnings and raised FY24 guidance, leading to increased price targets from multiple analysts. The stock saw a slight increase in price following the news.
Toll Brothers' strong Q3 performance and raised FY24 guidance indicate positive future prospects, prompting analysts to increase price targets. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100