Toast Announces First Quarter 2024 Financial Results

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Toast Inc. (TOST) PT Raised to $30 at Needham

May 8, 2024 6:49 AM EDT

Needham analyst Mayank Tandon raised the price target on Toast Inc. (NYSE: TOST) to $30.00 (from $26.00) while maintaining a Buy rating.

The analyst comments "TOST posted upbeat 1Q24 results, which came in above expectations across the board as the company continues to gain market... More

Toast Inc. (TOST) PT Raised to $27 at RBC Capital

May 8, 2024 6:33 AM EDT

RBC Capital analyst Daniel Perlin raised the price target on Toast Inc. (NYSE: TOST) to $27.00 (from $23.00) while maintaining a Sector Perform rating.

The analyst comments "Toast delivered a strong quarter with revenue and adj. EBITDA outperformance, displaying execution in its cost... More

Toast Inc. (TOST) PT Raised to $19 at Wells Fargo

May 8, 2024 6:12 AM EDT

Wells Fargo analyst Jeff Cantwell raised the price target on Toast Inc. (NYSE: TOST) to $19.00 (from $17.00) while maintaining a Underweight rating.

The analyst comments "Given the beat and raise, Street expects will inevitably tick higher and reset the valuation floor above our... More

Toast (TOST) Misses Q1 EPS by 1c

May 7, 2024 4:23 PM EDT

Toast (NYSE: TOST) reported Q1 EPS of ($0.15), $0.01 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.04 billion.

Outlook1

For the second quarter ending June 30, 2024, Toast expects to report:

Non-GAAP subscription... More