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Oppenheimer Reaffirms Their Buy Rating on Toast Inc (TOST)

Tipranks - Tipranks - Sat Feb 14, 7:46AM CST

Oppenheimer analyst maintained a Buy rating on Toast Inc today and set a price target of $39.00.

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In addition to Oppenheimer, Toast Inc also received a Buy from Citi’s Bryan Keane in a report issued today. However, yesterday, BTIG maintained a Hold rating on Toast Inc (NYSE: TOST).

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Based on Toast Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.63 billion and a net profit of $105 million. In comparison, last year the company earned a revenue of $1.31 billion and had a net profit of $56 million

Based on the recent corporate insider activity of 100 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. Earlier this month, Aman Narang, the CEO of TOST sold 1,648.00 shares for a total of $50,000.32.

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