Goldman Sachs Maintains Hold Rating on Toll Brothers with $130 Price Target.

Goldman Sachs analyst Susan Maklari maintained a Hold rating on Toll Brothers with a price target of $130. Maklari covers the Consumer Cyclical sector and has a 49.85% success rate on recommended stocks. Toll Brothers has a Moderate Buy consensus and a price target consensus of $136.00. The company's market cap is $11.86B and has a P/E ratio of 8.96.

Toll Brothers, Inc., a leading luxury home builder, has announced the launch of its new community, Toll Brothers at Elk Ridge, located in southern Utah County, set against the picturesque Wasatch Range. This exclusive development features luxury single-family homes that range from approximately 4,030 to over 5,889 square feet, with prices starting in the upper $800,000s. Residents can choose from five customizable floor plans offering between 2 to 6 bedrooms and luxurious outdoor living features. The community is surrounded by scenic parks and recreational activities while offering easy access to shopping and dining. The Toll Brothers Design Studio will aid customers in personalizing their homes with various selections. For more information, interested home shoppers can visit the sales center in Elk Ridge or contact the company directly.

Potential Positives

Toll Brothers has expanded its footprint by opening a new luxury community, Toll Brothers at Elk Ridge, enhancing its presence in the Utah market. The community offers luxurious single-family homes with significant square footage, appealing to a wide range of homebuyers looking for customization and upscale living. The location provides residents with breathtaking views and access to outdoor activities, which is likely to attract potential buyers interested in a premium lifestyle. The launch of the state-of-the-art Toll Brothers Design Studio allows for personalized home selections, enhancing customer satisfaction and engagement.

Potential Negatives

High home prices starting from the upper $800,000s may limit market accessibility, particularly for first-time home buyers. The press release does not address potential environmental concerns or community impact, which could lead to public backlash. Dependence on luxury market could pose risk if there is an economic downturn affecting consumer spending on high-end housing.

Analyst Ratings

Goldman Sachs analyst Susan Maklari maintained a Hold rating on Toll Brothers with a price target of $130. Maklari covers the Consumer Cyclical sector and has a 49.85% success rate on recommended stocks. Toll Brothers has a Moderate Buy consensus and a price target consensus of $136.00. The company's market cap is $11.86B and has a P/E ratio of 8.96.

References

[1] https://www.nasdaq.com/articles/toll-brothers-announces-opening-luxury-home-community-elk-ridge-utah
[2] https://www.benzinga.com/markets/equities/25/07/46435210/goldman-sachs-bank-of-america-and-3-stocks-to-watch-heading-into-wednesday
[3] https://www.ainvest.com/news/goldman-sachs-q2-earnings-preview-expectations-analyst-views-2507/