5 Cheap Growth Stocks to Get Rich

4. Toll Brothers, Inc. (NYSE:TOL)

Number of Hedge Fund Holders: 59

Toll Brothers, Inc. (NYSE:TOL) is one of the top cheap growth stocks to get rich. Keefe Bruyette upgraded Toll Brothers, Inc. (NYSE:TOL) to Outperform from Market Perform on June 8, adjusting the price target on the stock to $161, up from $158. The firm adjusted two homebuilder ratings, stating that in a “challenging, K-shaped” housing market, homebuilders leveraged to the entry-level consumer face earnings risk. It also added that those exposed to the affluent, move-up, and active adult segments are better positioned to defend margins.

Keefe Bruyette paired the upgrade of Toll Brothers, Inc. (NYSE:TOL) with a downgrade of Lennar, telling investors in a research note that the upgrade highlights Toll Brothers, Inc.’s (NYSE:TOL) exposure to “resilient” luxury demand, its long-land inflation hedge, and improved fundamentals post the fiscal Q2 report.

In another development, Argus lifted the price target on Toll Brothers, Inc. (NYSE:TOL) to $170 from $165 on June 2 and reaffirmed a Buy rating on the shares.

Toll Brothers, Inc. (NYSE:TOL) is involved in the building, design, marketing, and arranging of financing for detached and attached homes in residential communities. The company’s operations are divided into the following geographical segments: North Region, Mid-Atlantic Region, South Region, Mountain Region, and Pacific Region.