Canaccord Genuity Sticks to Its Buy Rating for Toast Inc (TOST)

In a report released today, David Hynes from Canaccord Genuity reiterated a Buy rating on Toast Inc, with a price target of $37.00.

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According to TipRanks, Hynes is an analyst with an average return of -12.3% and a 33.00% success rate. Hynes covers the Technology sector, focusing on stocks such as HubSpot, Atlassian, and Sprout Social.

In addition to Canaccord Genuity, Toast Inc also received a Buy from Oppenheimer’s Rayna Kumar in a report issued today. However, on the same day, Goldman Sachs maintained a Hold rating on Toast Inc (NYSE: TOST).

Based on Toast Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.63 billion and a net profit of $101 million. In comparison, last year the company earned a revenue of $1.34 billion and had a net profit of $32 million

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TOST in relation to earlier this year. Last month, PATRICK DEVAL L , a Director at TOST sold 1,667.00 shares for a total of $61,578.98.