Toll Brothers (NYSE:TOL) stock is soaring 5.07% in Friday's pre-market trading session, despite a minor target price cut from JP Morgan. The luxury homebuilder's shares are showing resilience following its strong third-quarter earnings report released earlier this week.
JP Morgan analyst Michael Rehaut maintained a Hold rating on Toll Brothers but slightly lowered the price target to $136.00 from $139.00. This adjustment comes after the company's impressive quarterly results, where it beat expectations with revenues of $2.9 billion, 3.1% ahead of forecasts. Toll Brothers also reported statutory earnings per share (EPS) of $3.73, surpassing estimates by 2.6%.
The positive market reaction suggests that investors are focusing on Toll Brothers' strong performance and future prospects rather than the minor price target reduction. Analysts' consensus forecasts for 2026 remain largely unchanged, with expected revenues of $10.8 billion and EPS of $14.16. The company's ability to outperform in a challenging housing market environment appears to be bolstering investor confidence, driving the stock's significant pre-market surge.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。