Why Toast Stock Is Popping Up Today
Portfolio Pulse from Erica Kollmann
Toast, Inc. (NYSE:TOST) reported mixed Q2 results, missing EPS estimates but beating revenue estimates. The company also issued Q3 and FY 2023 revenue guidance above estimates. Analysts from Piper Sandler and Credit Suisse maintained their ratings and raised price targets for TOST. The stock is trading higher on above-average volume.
August 09, 2023 | 2:12 pm
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Toast, Inc. reported mixed Q2 results but issued higher guidance, leading to a rise in its stock price. Analysts have maintained their ratings and raised price targets.
Toast, Inc. missed EPS estimates but beat revenue estimates and issued higher guidance for Q3 and FY 2023. This positive outlook, along with raised price targets from analysts, has led to increased trading volume and a rise in the stock price.
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