A Closer Look at 20 Analyst Recommendations For Toast

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Throughout the last three months, 20 analysts have evaluated Toast TOST, offering a diverse set of opinions from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 3 10 3 0
Last 30D 0 0 2 0 0
1M Ago 3 1 4 2 0
2M Ago 1 0 1 0 0
3M Ago 0 2 3 1 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.15, a high estimate of $32.00, and a low estimate of $15.00. Surpassing the previous average price target of $19.81, the current average has increased by 21.91%.

Deciphering Analyst Ratings: An In-Depth Analysis

In examining recent analyst actions, we gain insights into how financial experts perceive Toast. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Dan Dolev Mizuho Raises Neutral $21.00 $17.00
Clarke Jeffries Piper Sandler Raises Neutral $25.00 $20.00
Daniel Perlin RBC Capital Raises Sector Perform $27.00 $23.00
David Hynes Canaccord Genuity Raises Buy $28.00 $22.00
Andrew Bauch Wells Fargo Raises Underweight $19.00 $17.00
Sanjay Sakhrani Keefe, Bruyette & Woods Raises Market Perform $26.00 $25.00
Mayank Tandon Needham Raises Buy $30.00 $26.00
David Koning Baird Raises Outperform $28.00 $24.00
Will Nance Goldman Sachs Raises Buy $29.00 $26.00
Jeff Cantwell Wells Fargo Raises Underweight $17.00 $15.00
Daniel Perlin RBC Capital Maintains Sector Perform $23.00 -
Sanjay Sakhrani Keefe, Bruyette & Woods Announces Market Perform $25.00 -
Timothy Chiodo UBS Raises Buy $31.00 $22.00
Dan Dolev Mizuho Maintains Neutral $17.00 $17.00
Thomas Poutrieux Exane BNP Paribas Announces Outperform $30.00 -
Sheriq Sumar Evercore ISI Group Announces Outperform $32.00 -
Dan Dolev Mizuho Raises Neutral $17.00 $14.00
Jeff Cantwell Wells Fargo Raises Underweight $15.00 $12.00
Daniel Perlin RBC Capital Raises Sector Perform $23.00 $19.00
Clarke Jeffries Piper Sandler Raises Neutral $20.00 $18.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Toast. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Toast compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for Toast's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Toast's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Toast analyst ratings.

Get to Know Toast Better

Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 106,000 restaurant locations across the United States at the end of December 2023. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $126 billion in gross platform volume in 2023. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.

Financial Insights: Toast

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Toast's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 3.76%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -7.72%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Toast's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -6.93%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Toast's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -4.14%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.

Understanding the Relevance of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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