Toast Has Fallen Far Enough, It's Time To Buy Back In (Upgrade)
Portfolio Pulse from
Toast's stock has dropped ~20% from recent peaks, presenting a buying opportunity. The stock is upgraded to a buy rating, trading at a ~37x forward adjusted EBITDA multiple with ~40% expected EBITDA growth in FY25. Q4 revenue and ARR accelerated to ~30% despite a tough macro environment.
March 06, 2025 | 2:30 am
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Toast's stock has been upgraded to a buy rating after a ~20% drop, presenting a re-entry point. It trades at a ~37x forward EBITDA multiple with ~40% expected growth in FY25. Q4 revenue and ARR showed strong acceleration.
The upgrade to a buy rating and the ~20% drop in stock price suggest a positive short-term impact. The strong expected EBITDA growth and Q4 performance further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100