Toast (TOST) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Toast (TOST) closed at $30.04 in the latest trading session, marking a -0.27% move from the prior day.
Here's why a small price increase could lead to solid growth.
Toast is on a clear path toward significant market-share gains.
Toast stock faces risks that other fintech stocks do not.
Toast is a speculative stock bridging cloud software and fintech payment solutions, carving out a niche in the restaurant industry. The company maintains low attrition rates, showcasing product stickiness and upsell opportunities, with success stories from customers improving operations. Although difficult to value, the market opportunity is immense and Toast continues to execute. It's a buy for me today.
In the closing of the recent trading day, Toast (TOST) stood at $29.37, denoting a -0.51% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Toast (TOST). This makes it worthwhile to examine what the stock has in store.
Toast (TOST) closed the most recent trading day at $29.03, moving +1.04% from the previous trading session.
Toast (TOST) closed the most recent trading day at $28.98, moving +0.63% from the previous trading session.
Shares of this software enterprise trade at a compelling valuation.
Toast remains a "buy" with a price target of $36, driven by strong revenue growth as it expands into new locations with growing ARPU from deep product innovation. The company reported Q2 FY24 revenue growth of 27% YoY to $1.24B, adding 8,000 net new locations and achieving significant adjusted EBITDA growth of 500% YoY. Despite a 3% YoY decline in GPV per location and macroeconomic risks, Toast's long-term growth story remains intact with promising international and Food & Beverage Retail expansion.