Toast Inc (TOST) Gets a Buy from Wells Fargo
Wells Fargo analyst Jason Kupferberg maintained a Buy rating on Toast Inc on May 9 and set a price target of $36.00.
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According to TipRanks, Kupferberg is an analyst with an average return of -7.7% and a 43.97% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Globant SA, Toast Inc, and Automatic Data Processing.
In addition to Wells Fargo, Toast Inc also received a Buy from Mizuho Securities’s Dan Dolev in a report issued yesterday. However, on May 8, Goldman Sachs maintained a Hold rating on Toast Inc (NYSE: TOST).
Based on Toast Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.63 billion and a net profit of $126 million. In comparison, last year the company earned a revenue of $1.34 billion and had a net profit of $56 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.
Read More on TOST:
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- Analyst Maintains Buy Rating on Toast, Keeps $39 Price Target Amid Strength in Recurring Profit and Expanding Market Opportunity
- Toast, Inc. Earnings Call Signals Profitable AI Growth
- Toast price target lowered to $36 from $39 at Oppenheimer
- Toast price target lowered to $45 from $51 at Morgan Stanley
- Toast price target lowered to $34 from $40 at UBS
