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Truist Financial Sticks to Its Buy Rating for Toast Inc (TOST)

Tipranks - Tipranks - Wed Jul 29, 9:42PM CDT

Truist Financial analyst Matthew Coad maintained a Buy rating on Toast Inc yesterday and set a price target of $33.00.

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Coad covers the Technology sector, focusing on stocks such as Fidelity National Info, Block, and Bill.com Holdings. According to TipRanks, Coad has an average return of -1.5% and a 54.95% success rate on recommended stocks.

Currently, the analyst consensus on Toast Inc is a Strong Buy with an average price target of $34.90.

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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

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