Toast Is a Dominant Player With Impressive Momentum, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Wedbush analyst Moshe Katri initiated coverage on Toast Inc (NYSE:TOST) with an outperform rating and a price target of $30. Toast reported Q1 revenue of $1.075 billion, beating estimates, and is expected to achieve significant EBITDA growth in FY24 and FY25. The company is well-positioned for expansion in the U.S. and international markets.
May 24, 2024 | 8:26 pm
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Wedbush analyst Moshe Katri initiated coverage on Toast Inc with an outperform rating and a $30 price target. Toast's Q1 revenue beat estimates, and the company is expected to achieve significant EBITDA growth in FY24 and FY25. The company is well-positioned for expansion in the U.S. and international markets.
The analyst's outperform rating and $30 price target, along with Toast's strong Q1 revenue and expected EBITDA growth, indicate positive sentiment and potential for stock price appreciation. The company's expansion plans further support this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100