Toll Brothers stock gained 1.94 percent as Melius starts coverage

Published on 10/07/2026 at 00:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A new USD 179 price target puts Toll Brothers stock above its October 6 level. Fiscal Q3 revenue fell 9.7 percent year over year to USD 2.66 billion.

TOL, US8894781033, Illustration mit AI erstellt.

Toll Brothers (ISIN US8894781033) was last at USD 138.00 on the NYSE on October 6, 2026, up 1.94 percent from the prior session. The immediate catalyst was fresh analyst coverage, while the latest quarterly report shows why the luxury homebuilder remains a mixed operating story.

Melius starts coverage at Buy

According to MarketBeat on October 6, 2026, Melius Research initiated coverage with a Buy rating and a USD 179.00 price target. The target lies 29.71 percent above the USD 138.00 reference price used here.

The new call centers on Toll Brothers' affluent customer base and pricing power. That argument matters because the company sells luxury homes, townhomes and condominiums across more than 60 U.S. markets, according to its investor-relations profile.

Revenue falls as deliveries decline

Zacks reported that fiscal Q3 2026, ended July 31, 2026, produced diluted EPS of USD 2.97, above the USD 2.90 consensus estimate but down 20.4 percent from USD 3.73 a year earlier. Total revenue reached USD 2.66 billion, 2.4 percent above the USD 2.60 billion consensus estimate but 9.7 percent below the prior-year quarter.

The volume pressure was visible in deliveries, which fell 10 percent year over year to 2,662 homes. Average delivered price increased 2.3 percent to USD 996,400, while net signed contracts rose 5 percent to 2,508 homes, giving the quarter a clear price and demand split.

Consensus stays above the stock

MarketBeat lists 15 Buy ratings, four Holds and one Sell among 20 analysts, producing a Moderate Buy consensus and an average target of USD 167.19. That average target lies 21.15 percent above USD 138.00, although the latest report also showed adjusted home sales gross margin falling to 25.6 percent from 27.5 percent.

For the fourth quarter of fiscal 2026, Zacks reported company guidance for 3,450 to 3,550 deliveries, an average delivered price of USD 995,000 to USD 1,005,000 and adjusted home sales gross margin of 26 percent.

Stock gains on October 6

Toll Brothers stock was last at USD 138.00 on the NYSE on October 6, 2026, at 4:00 p.m. ET. Its 52-week range was USD 123.15 to USD 168.36, while market capitalization stood at USD 12.9 billion.