The Analyst Landscape: 13 Takes On Toast
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse ratings on Toast (NYSE:TOST) with 13 recent ratings ranging from bullish to bearish. The average 12-month price target is now $18.46, down from $22.44. Analysts from firms like RBC Capital, Goldman Sachs, B of A Securities, and others have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Toast, a restaurant technology company, has shown a revenue growth rate of 37.23% as of September 30, 2023, but has below-average net margin, ROE, and ROA, with a prudent debt-to-equity ratio of 0.03.
January 31, 2024 | 12:00 pm
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Toast has received varied analyst ratings with a lowered average price target of $18.46. Despite strong revenue growth, profitability metrics are below industry averages, which may influence investor sentiment.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty about Toast's future performance. However, the strong revenue growth could counterbalance concerns about profitability, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100