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.

While we acknowledge the potential of TOL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.