Citigroup analyst Anthony Pettinari upgraded Toll Brothers from Neutral to Buy, citing a revised outlook for the homebuilder. The firm increased its price target for the company to $176, up from the previous target of $146.

Analyst Action

The upgrade reflects a shift in Citigroup's stance on Toll Brothers' stock performance. The new price target of $176 represents a significant increase from the prior estimate of $146.

Toll Brothers, Inc., the nation’s leading builder of luxury homes, announced its newest Los Angeles County community, Bailey Canyon Estates, is coming soon to Sierra Madre, California. Situated at the base of the San Gabriel Mountains, this community will feature a limited selection of 42 home sites in one of Southern California’s most sought-after neighborhoods. Site work is underway and the community is expected to open for sale in late 2026.

Bailey Canyon Estates will offer three exquisite single-family home designs with spacious open floor plans and luxurious personalization options. Most homes will be situated on single-loaded streets, providing an elevated living experience, and select home sites will feature enhanced privacy backing up to open space. The enclave is located near natural landscapes, outdoor recreation, schools, and a downtown area with shops and eateries.

Community Features

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

"We are thrilled to bring our distinctive home designs to the Sierra Madre market with the introduction of Bailey Canyon Estates," said Nick Norvilas, Group President of Toll Brothers in Los Angeles. "Bailey Canyon Estates exemplifies the superior craftsmanship and luxury lifestyle for which Toll Brothers is known, and we are excited to bring this highly anticipated new home community to such a special location."

For more information and to join the Toll Brothers interest list for Bailey Canyon Estates, call (844) 700-8655 or visit TollBrothers.com/CA.