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Analysts Offer Insights on Technology Companies: Toast Inc (TOST), Open Text (OTEX) and Shift4 Payments (FOUR)

Tipranks - Sat May 9, 8:44AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Toast Inc (TOST), Open Text (OTEX) and Shift4 Payments (FOUR).

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Toast Inc (TOST)

BMO Capital analyst Andrew Bauch maintained a Buy rating on Toast Inc today and set a price target of $35.00. The company’s shares closed last Friday at $24.66, close to its 52-week low of $21.32.

According to TipRanks.com, Bauch is a 1-star analyst with an average return of -2.3% and a 41.9% success rate. Bauch covers the Technology sector, focusing on stocks such as Klarna Group Plc, Shift4 Payments, and Block. ;'>

Toast Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.37, which is a 20.4% upside from current levels. In a report issued on April 29, Morgan Stanley also maintained a Buy rating on the stock with a $51.00 price target.

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Open Text (OTEX)

In a report released yesterday, Thanos Moschopoulos from BMO Capital maintained a Hold rating on Open Text, with a price target of $26.00. The company’s shares closed last Friday at $23.25.

According to TipRanks.com, Moschopoulos is a 5-star analyst with an average return of 23.3% and a 62.2% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Celestica, and Shopify. ;'>

Open Text has an analyst consensus of Hold, with a price target consensus of $28.67, implying a 21.0% upside from current levels. In a report issued on April 24, RBC Capital also maintained a Hold rating on the stock with a $30.00 price target.

Shift4 Payments (FOUR)

Truist Financial analyst Matthew Coad maintained a Hold rating on Shift4 Payments today. The company’s shares closed last Friday at $46.03.

According to TipRanks.com, Coad is a 1-star analyst with an average return of -4.7% and a 35.5% success rate. Coad covers the Technology sector, focusing on stocks such as Fidelity National Info, Bill.com Holdings, and Toast Inc. ;'>

Shift4 Payments has an analyst consensus of Moderate Buy, with a price target consensus of $64.53, implying a 37.7% upside from current levels. In a report issued on April 27, BMO Capital also initiated coverage with a Hold rating on the stock with a $50.00 price target.

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