Toro appoints Neal Lackritz as CTO. Oppenheimer sets USD 120 target for Toro stock

Published on 10/25/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Toro names Neal Lackritz CTO effective November 2, 2026. Oppenheimer's USD 120.00 target anchors Toro stock after September 23 coverage.

Technology and earnings context

Neal M. Lackritz will become chief technology officer on November 2, 2026.
Fiscal third-quarter revenue reached USD 1.23 billion, up 8.40 percent year over year.
The Toro Company had a USD 10.0 billion market capitalization as of October 23, 2026.

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The Toro Company (ISIN US8910921084) appointed Neal M. Lackritz as vice president and chief technology officer effective November 2, 2026, according to MarketScreener on October 20, 2026. MarketBeat also reported that Oppenheimer began coverage on September 23, 2026, with an Outperform rating and a USD 120.00 price target.

Technology takes a larger role

Lackritz will lead enterprise technology strategy, global engineering and the Center for Technology, Research and Innovation. The role covers autonomous systems, alternative power and connected solutions, giving the appointment a direct link to Toro's product and engineering priorities.

The leadership change followed two other dated company actions. On September 22, 2026, The Toro Company declared a quarterly dividend of USD 0.39 per share. On September 24, 2026, it announced a USD 1.5 million investment in the University of Minnesota, according to The Toro Company.

What does the earnings base show?

Fiscal third-quarter revenue reached USD 1.23 billion, an 8.40 percent increase from the prior-year quarter, while adjusted earnings per share came in at USD 1.33 against USD 1.31 expected, according to MarketBeat on October 22, 2026. Fiscal 2026 earnings guidance stood at USD 4.60 to USD 4.65 per share.

Dates and valuation context

The next dated management milestone is November 2, 2026, when Lackritz is scheduled to begin his new role. The company serves professional and residential customers through brands covering turf care, landscaping, irrigation, snow and ice management, construction equipment and outdoor lighting.

Stock context for investors

Toro closed at USD 105.29 on the NYSE on October 23, 2026, at 4:00 p.m. ET. The combination of a new technology leader, a USD 120.00 analyst target and 8.40 percent quarterly revenue growth puts execution against the technology roadmap at the center of the investment discussion.

The further course of trading is shown by the continuously updated real-time quote of The Toro Company stock.