Toll Brothers Stock A Buying Opportunity Amid Rising Mortgage Rates: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Wedbush analyst Jay McCanless upgraded Toll Brothers, Inc. (NYSE:TOL) to Outperform, raising the price target to $175. Despite rising mortgage rates, the analyst sees a buying opportunity due to strong demand and positive market conditions. The FY25 revenue and EPS estimates have been increased.
October 25, 2024 | 6:36 pm
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Wedbush analyst upgrades Toll Brothers to Outperform, raising the price target to $175. Despite rising mortgage rates, the stock is seen as a buying opportunity due to strong demand and positive market conditions. FY25 revenue and EPS estimates have been increased.
The upgrade to Outperform and increased price target suggest a positive outlook for TOL. The analyst's view that rising mortgage rates create a buying opportunity, along with increased revenue and EPS estimates, indicates potential for stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100