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Analysts Offer Insights on Technology Companies: Cloudflare (NET) and Toast Inc (TOST)

Tipranks - Tipranks - Thu Jun 11, 5:48AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cloudflare (NET) and Toast Inc (TOST) with bullish sentiments.

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Cloudflare (NET)

In a report released today, Shrenik Kothari from Robert W. Baird maintained a Buy rating on Cloudflare, with a price target of $88643.00. The company’s shares closed last Tuesday at $236.13.

According to TipRanks.com, Kothari is a 5-star analyst with an average return of 19.9% and a 65.8% success rate. Kothari covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Cloudflare is a Moderate Buy with an average price target of $4083.87, a 1560.8% upside from current levels. In a report issued on May 26, TipRanks – PerPlexity also upgraded the stock to Buy with a $241.00 price target.

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Toast Inc (TOST)

In a report released today, Timothy Chiodo from UBS maintained a Buy rating on Toast Inc, with a price target of $34.00. The company’s shares closed last Tuesday at $25.00, close to its 52-week low of $21.32.

According to TipRanks.com, Chiodo is a 3-star analyst with an average return of 1.5% and a 43.3% success rate. Chiodo covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Repay Holdings. ;'>

Currently, the analyst consensus on Toast Inc is a Moderate Buy with an average price target of $34.26, which is a 42.8% upside from current levels. In a report released yesterday, Bernstein also maintained a Buy rating on the stock with a $39.00 price target.

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