The Toro Company (NYSE: TTC) Stock Analysis: Strong Performance and Analyst Optimism

An analyst from D.A. Davidson set a price target of $115 for The Toro Company, indicating a potential upside of 23.84% from its trading price of $92.86.
The company reported robust third-quarter results, with net sales increasing by 8.4% to $1.23 billion and adjusted earnings per share (EPS) reaching $1.33, surpassing estimates.
Operational efficiency improved, with the adjusted operating margin expanding to 13.9%, driven by productivity gains and strong demand in key segments.

The Toro Company (NYSE: TTC) is a global provider of outdoor maintenance, turf, and landscape equipment. On September 4, 2026, an analyst from D.A. Davidson adjusted the price target for Toro to $115. With the stock trading at $92.86 at the time, this new target suggests a potential upside of about 23.84%.

This analyst outlook is supported by the company's strong recent financial performance. As highlighted by MarketBeat, Toro reported a robust third quarter with net sales increasing by 8.4% to $1.23 billion. This growth was fueled by strong demand in both its professional and residential business segments, leading the company to raise its full-year earnings outlook.

The company's profitability also shows strength. It achieved an adjusted earnings per share (EPS) of $1.33. EPS is a measure of a company's profit allocated to each outstanding share of stock. According to Zacks Investment Research, this result surpassed estimates by 2.31% and is an increase from the $1.24 per share reported a year ago.

A key driver of this performance was the professional segment, which saw an 8.8% rise in net sales. This included double-digit growth in landscape contractor sales. As noted by GuruFocus, strong demand in this segment was a primary factor in Toro's overall results, complemented by improvements in the residential business.

Toro also improved its operational efficiency. Its adjusted operating margin, which measures profit from core business activities, expanded to 13.9%. The company credits this to productivity gains that helped manage manufacturing costs. Management expects continued growth, citing healthy markets and a strong response to new products.