Despite the fact that analysts are less than bullish on the stock, we have confidence that a good report will follow on from the rising home sales figures released last month. Toll brothers stock has suffered a deep correction from 2018 highs, but is now in a well defined uptrend with out target in the $43 region. Within the chart there is a possibility of a inverse H&S forming, with the price sitting on support a volume spike could validate the setup.
Given the fact that analysts are skeptical, a good earnings report could result in upgrades and a short squeeze in the days and weeks to follow.
ANALYSTS AVERAGE RATING HOLD
ANALYSTS AVERAGE PRICE TARGET $38
TOLL BROTHERS INC.
Toll Brothers, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the Traditional Home Building and City Living segments. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers. The City Living segment builds and sells homes in urban infill markets through Toll Brothers City Living
Given the fact that analysts are skeptical, a good earnings report could result in upgrades and a short squeeze in the days and weeks to follow.
ANALYSTS AVERAGE RATING HOLD
ANALYSTS AVERAGE PRICE TARGET $38
TOLL BROTHERS INC.
Toll Brothers, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the Traditional Home Building and City Living segments. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers. The City Living segment builds and sells homes in urban infill markets through Toll Brothers City Living