RBC Capital Cuts Toll Brothers (TOL) Price Target to $148

Toll Brothers, Inc. sees its price target shifted as RBC Capital reaffirms its positive outlook, a 11.06% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:29 PM EDT

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RBC Capital cut its price target on Toll Brothers, Inc. ($TOL) to $148 from $158 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $TOL is down 0.2% to date (from the $133.94 close on Oct 15, 2026).

TOL Toll Brothers, Inc.

$133.70 -0.65% year to date

Daily close · Oct 16, 2026

Key Points

RBC Capital reaffirms an Outperform rating for Toll Brothers, lowering its price target to $148 from $158.
RBC Capital's $148 price target implies 11.06% upside from Toll Brothers, Inc.'s ($TOL) current $133.26 share price.
Shares of Toll Brothers traded at $133.26, presenting a gap for potential growth towards the new target.
The stock currently holds a P/E ratio of 10.8 and a market cap of about $12.34 billion.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Toll Brothers, Inc. alert may contain errors. Disclosures

RBC Capital has reiterated its Outperform rating for Toll Brothers, Inc. (NYSE: TOL) on October 15, 2026. The firm has adjusted its price target down to $148 from the previous $158. At the time of the rating, Toll Brothers’ shares were trading at $133.26. This current price presents a gap that suggests potential for appreciation toward the new target.

Analyst rating track record

RBC Capital vs. the S&P 500

YTD return -1.39% hypothetical

All-time return -1.39% S&P 500 +0.23%

vs. S&P 500 -1.62% behind the index

Hypothetical returns from RBC Capital's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Toll Brothers, Inc.

Several other institutional investors have recently adjusted their stakes in Toll Brothers. Blackrock Inc. reduced its holdings by 172,113 shares, ending with 9,776,609 shares valued at approximately $1.30 billion. Greenhaven Associates, Inc. trimmed its position by 15,242 shares, resulting in 5,630,109 shares worth about $750.9 million. Meanwhile, Capital World Investors slightly increased its stake by 44,268 shares, bringing its total to 5,252,278 shares valued around $700.5 million. Vanguard Capital Management LLC also grew its holdings by 38,276 shares, totaling 4,291,127 shares valued at approximately $572.3 million. Lastly, Vanguard Portfolio Management LLC added 4,170 shares, ending with 4,174,405 shares worth about $556.7 million.

Toll Brothers, Inc. Stock Up 2.2%

Toll Brothers shares recently traded at $133.26, which is slightly above its 52-week low of $123.15 but well below its high of $168.36. The current price positions the stock near its 50-day moving average of $140.07, indicating it's in a corrective phase after a run-up earlier in the year.

12-month forecast

$TOL price target

Toll Brothers, Inc. daily closes and this analyst's $148 target. Not advice.

Recent Earnings

In its most recent earnings report, Toll Brothers posted revenue of approximately $10.76 billion, reflecting a decline of 9.7%. The company reported earnings per share (EPS) of $12.41 and a net margin of 11.1%. The next earnings report is scheduled for December 8, 2026.

Insider Buying and Selling at Toll Brothers, Inc.

Recent insider transactions at Toll Brothers include President Robert Parahus selling 7,500 shares at an average price of $149.66 on June 18, 2026, totaling about $1.12 million. Officer and Director Douglas C. Yearley Jr. sold 77,957 shares at $156.58 on the same date, bringing in around $12.21 million. Director Stephen F. East sold 1,000 shares at $139.70 on April 15, 2026, for a total of $139,700, and Director John A. Mclean sold 2,313 shares at $153.43 on March 4, 2026, totaling approximately $354,889. All these transactions were not planned under a Rule 10b5-1 plan.

Analysts Set New Price Targets

On October 15, 2026, Citigroup maintained a Buy rating for Toll Brothers, but lowered its price target to $168 from $179. In addition, Melius Research initiated coverage with a Buy rating and a target of $179 on October 6, 2026. The consensus among analysts shows a mean target price of approximately $169.65 with 17 opinions recommending a buy.

About Toll Brothers, Inc.

Toll Brothers, Inc. designs and builds luxury residential homes in the U.S. It operates in the consumer cyclical sector, focusing on high-end detached and attached homes, as well as condominiums through its brand Toll Brothers City Living. The company's performance can greatly influence the residential construction market, which is sensitive to economic conditions.

Bottom Line

As Toll Brothers approaches its next earnings report on December 8, investors should keep an eye on how market conditions affect its performance. The 13F filings reflect positions held as of the reporting period and may not show the current situation, so further trading activity is worth monitoring.