Deep Dive Into Toast Stock: Analyst Perspectives (13 Ratings)
Portfolio Pulse from Benzinga Insights
Toast (NYSE:TOST) has been analyzed by 13 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $22.85, up 36.74% from the previous $16.71, with a high estimate of $32.00 and a low of $15.00. Analyst actions include ratings adjustments and price target changes, reflecting dynamic market conditions and Toast's performance. Toast, a U.S.-based restaurant technology company, reported a revenue growth rate of 34.9% as of December 31, 2023, with a market capitalization below industry averages and a net margin of -3.47%.
April 12, 2024 | 6:01 pm
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Toast has received mixed analyst ratings but shows a positive revenue growth trend with a 34.9% increase as of December 31, 2023. The average 12-month price target has risen to $22.85, indicating a bullish outlook from some analysts despite the company's lower market capitalization and net margin challenges.
The mixed analyst ratings reflect a cautious but optimistic outlook for Toast, considering its significant revenue growth and the upward revision of its average price target. Despite the challenges in market capitalization and net margin, the positive revenue trend and the analysts' adjustments suggest potential for short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100