Morgan Stanley Sticks to Its Buy Rating for Toast Inc (TOST)
In a report released today, Josh Baer from Morgan Stanley maintained a Buy rating on Toast Inc, with a price target of $51.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Baer covers the Technology sector, focusing on stocks such as Box, Lightspeed POS Inc, and CCC Intelligent Solutions Holdings. According to TipRanks, Baer has an average return of 5.4% and a 47.97% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Toast Inc with a $37.11 average price target.
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 91 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, PATRICK DEVAL L , a Director at TOST sold 1,667.00 shares for a total of $61,578.98.
Read More on TOST:
