Evercore ISI Remains a Buy on Toast Inc (TOST)
Evercore ISI analyst Adam Frisch maintained a Buy rating on Toast Inc today and set a price target of $40.00.
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According to TipRanks, Frisch is an analyst with an average return of -17.7% and a 20.00% success rate. Frisch covers the Technology sector, focusing on stocks such as Affirm Holdings, Block, and Toast Inc.
In addition to Evercore ISI, Toast Inc also received a Buy from J.P. Morgan’s Tien Tsin Huang in a report issued today. However, on the same day, Robert W. Baird maintained a Hold rating on Toast Inc (NYSE: TOST).
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, Elena Gomez, the President of TOST sold 1,437.00 shares for a total of $43,598.58.
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