Breaking Down Toast: 11 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the last three months, 11 analysts have shared their views on Toast (NYSE:TOST), with ratings ranging from bullish to bearish. The average 12-month price target is $21.45, marking a 27.45% increase from the previous target of $16.83. Analysts have adjusted their ratings and price targets based on market dynamics and company performance. Toast, a U.S.-based restaurant technology company, has shown a revenue growth rate of 34.9% as of December 31, 2023, but faces challenges with below-average net margin, ROE, and ROA.
March 04, 2024 | 1:02 pm
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Toast has received mixed analyst ratings with an updated average 12-month price target of $21.45. The company has demonstrated significant revenue growth but struggles with profitability and efficiency.
The increase in the average price target to $21.45 reflects a positive outlook from analysts, suggesting a potential upside for TOST in the short term. However, the company's challenges with net margin, ROE, and ROA could temper investor enthusiasm. The significant revenue growth rate of 34.9% is a strong positive indicator, but the below-average profitability and efficiency metrics may cause concern among investors. The mixed analyst ratings indicate that while there is optimism about the company's growth prospects, there are also significant risks to consider.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100