These Analysts Boost Their Forecasts On Toll Brothers After Strong Q4 Results

Toll Brothers, Inc. TOL reported upbeat earnings for its fourth quarter on Tuesday.

Toll Brothers posted quarterly earnings of $4.11 per share, beating market estimates of $3.71 per share. The company’s quarterly sales came in at $3.02 billion versus estimates of $2.77 billion.

Toll Brothers said it sees first-quarter deliveries of 1,800-1,900 and FY24 deliveries of 9,850-10,350.

Toll Brothers shares gained 2.6% to trade at $91.23 on Thursday.

These analysts made changes to their price targets on Toll Brothers following earnings announcement.

• Barclays boosted the price target on Toll Brothers from $74 to $95. Barclays analyst Matthew Bouley maintained an Underweight rating.
• Goldman Sachs increased the price target on Toll Brothers from $68 to $78. Goldman Sachs analyst Susan Maklari maintained a Sell rating.
• UBS increased the price target on Toll Brothers from $96 to $112. UBS analyst John Lovallo maintained a Buy rating.
• RBC Capital increased the price target on Toll Brothers from $90 to $97. RBC Capital analyst Mike Dahl maintained an Outperform rating.

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