A Closer Look at 20 Analyst Recommendations For Toast
Portfolio Pulse from Benzinga Insights
Over the last three months, 20 analysts have provided diverse opinions on Toast (NYSE:TOST), with recent updates showing a shift towards more positive ratings and higher price targets. The average 12-month price target has risen to $24.15, up 21.91% from the previous $19.81. Analysts from firms like Mizuho, Piper Sandler, and Goldman Sachs have adjusted their ratings and price targets, reflecting evolving market conditions and Toast's performance. Toast, a restaurant technology company, has shown notable revenue growth and processes a significant volume of transactions, despite its challenges in profitability and efficiency metrics.
May 09, 2024 | 5:01 pm
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Toast has received a mix of analyst ratings over the past three months, with a notable shift towards more positive evaluations and higher price targets recently. The company's revenue growth and transaction volume are highlighted, despite its underperformance in profitability and efficiency metrics.
The increase in positive analyst ratings and the significant rise in the average price target suggest a bullish outlook for Toast in the short term. Analysts' adjustments reflect an optimistic view of the company's market position and growth potential, despite some financial metrics lagging behind industry averages. The detailed analysis of Toast's performance and the upward revision of price targets by multiple analysts provide a strong basis for anticipating a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100