Analyst Expectations For Toast's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for Toast (NYSE:TOST) show a mix of bullish and bearish perspectives with an average 12-month price target of $22.64, up 41.5% from the previous target. Recent analyst actions include various ratings and price target adjustments, reflecting evolving market conditions 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 in profitability and efficiency, with a net margin of -3.47%, ROE of -3.07%, and ROA of -1.9%.
March 27, 2024 | 6:01 pm
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POSITIVE IMPACT
Toast's analyst ratings show a diverse view but with a positive shift in the average price target to $22.64, indicating potential growth. The company's strong revenue growth contrasts with its profitability and efficiency challenges.
The increase in the average price target suggests analysts are optimistic about Toast's future performance, potentially leading to a positive short-term impact on its stock price. However, concerns about profitability and efficiency may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100