Fintel reports that on November 20, 2024, Compass Point initiated coverage of Toast (NYSE:TOST) with a Buy recommendation.
Analyst Price Forecast Suggests 30.98% Downside
As of October 22, 2024, the average one-year price target for Toast is $29.33/share. The forecasts range from a low of $19.19 to a high of $34.65. The average price target represents a decrease of 30.98% from its latest reported closing price of $42.50 / share.
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The projected annual revenue for Toast is 4,685MM, an increase of 0.58%. The projected annual non-GAAP EPS is 0.10.
What is the Fund Sentiment?
There are 882 funds or institutions reporting positions in Toast. This is an increase of 37 owner(s) or 4.38% in the last quarter. Average portfolio weight of all funds dedicated to TOST is 0.38%, an increase of 1.38%. Total shares owned by institutions increased in the last three months by 7.64% to 478,858K shares. 
The put/call ratio of TOST is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 41,176K shares representing 8.74% ownership of the company. In its prior filing, the firm reported owning 38,203K shares , representing an increase of 7.22%. The firm increased its portfolio allocation in TOST by 10.39% over the last quarter.
Price T Rowe Associates holds 28,323K shares representing 6.01% ownership of the company. In its prior filing, the firm reported owning 28,340K shares , representing a decrease of 0.06%. The firm decreased its portfolio allocation in TOST by 47.26% over the last quarter.
BlackRock holds 24,295K shares representing 5.16% ownership of the company.
AGTHX - GROWTH FUND OF AMERICA holds 22,903K shares representing 4.86% ownership of the company. In its prior filing, the firm reported owning 18,641K shares , representing an increase of 18.61%. The firm increased its portfolio allocation in TOST by 19.88% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 20,630K shares representing 4.38% ownership of the company. In its prior filing, the firm reported owning 14,243K shares , representing an increase of 30.96%. The firm increased its portfolio allocation in TOST by 74.30% over the last quarter.
Toast Background Information
(This description is provided by the company.)
Toast is the end-to-end platform built for restaurants of all sizes. Toast provides a single platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management. By serving as the restaurant operating system across dine-in, takeout, and delivery channels, Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. Toast proudly serves approximately 48,000 restaurant locations.
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