Wells Fargo Reaffirms Their Buy Rating on Toast Inc (TOST)
In a report released today, Jason Kupferberg from Wells Fargo maintained a Buy rating on Toast Inc, with a price target of $56.00.
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According to TipRanks, Kupferberg is an analyst with an average return of -6.8% and a 45.47% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Epam Systems, and Fidelity National Info.
In addition to Wells Fargo, Toast Inc also received a Buy from TipRanks – OpenAI’s OpenAI Software – Infrastructure in a report issued on March 9. However, on the same day, TipRanks – Anthropic reiterated 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 94 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, Susan Chapman-Hughes, a Director at TOST sold 8,500.00 shares for a total of $246,245.00.
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