In-Depth Examination Of 8 Analyst Recommendations For Toast
Portfolio Pulse from Benzinga Insights
Recent analysis of Toast (NYSE:TOST) by 8 analysts over the past three months shows a mix of bullish to bearish sentiments, with the current average 12-month price target at $20.12, up 13.35% from the previous $17.75. Analyst actions include ratings adjustments and price target changes, reflecting dynamic market conditions and company performance. Toast, a U.S.-based restaurant technology company, has shown a solid revenue growth rate of 37.23% as of September 30, 2023, but faces challenges in profitability and efficiency, with a net margin of -3.0% and ROE of -2.78%.
February 16, 2024 | 12:00 pm
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POSITIVE IMPACT
Toast has received mixed analyst ratings with an updated average 12-month price target of $20.12, indicating a positive sentiment shift. The company's strong revenue growth contrasts with its profitability challenges.
The increase in the average price target to $20.12 from $17.75 suggests a positive outlook from analysts, likely due to Toast's significant revenue growth. However, concerns about profitability and efficiency metrics such as net margin and ROE could temper the stock's short-term performance. The mixed analyst ratings reflect uncertainty but the upward revision in price targets indicates a generally positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100