Fintel reports that on August 10, 2023, Goldman Sachs maintained coverage of Toast Inc - (NYSE:TOST) with a Neutral recommendation.
Analyst Price Forecast Suggests 5.97% Upside
As of August 2, 2023, the average one-year price target for Toast Inc - is 24.56. The forecasts range from a low of 18.18 to a high of $31.50. The average price target represents an increase of 5.97% from its latest reported closing price of 23.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Toast Inc - is 3,672MM, an increase of 10.67%. The projected annual non-GAAP EPS is -0.08.
What is the Fund Sentiment?
There are 694 funds or institutions reporting positions in Toast Inc -. This is an increase of 31 owner(s) or 4.68% in the last quarter. Average portfolio weight of all funds dedicated to TOST is 0.35%, an increase of 10.28%. Total shares owned by institutions increased in the last three months by 1.75% to 351,066K shares. 
The put/call ratio of TOST is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 16,650K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 12,048K shares, representing an increase of 27.64%. The firm increased its portfolio allocation in TOST by 30.38% over the last quarter.
HMI Capital Management holds 15,740K shares representing 2.97% ownership of the company. No change in the last quarter.
Generation Investment Management Llp holds 15,505K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 20,712K shares, representing a decrease of 33.58%. The firm decreased its portfolio allocation in TOST by 32.02% over the last quarter.
Price T Rowe Associates holds 14,876K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 26,767K shares, representing a decrease of 79.94%. The firm decreased its portfolio allocation in TOST by 49.08% over the last quarter.
Durable Capital Partners holds 11,842K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 9,901K shares, representing an increase of 16.39%. The firm increased its portfolio allocation in TOST by 6.35% 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.
Additional reading:
- Toast Announces Second Quarter 2023 Financial Results Quarterly record of over 7,500 net new location adds Annualized recurring run-rate (ARR) reached a milestone of over $1B as of June 30, 2023 Achieved positive Adj. EBITDA for the first time since
- Update on Toast Digital Ordering for our Customer Community
- Revolving Credit and Guaranty Agreement, dated June 8, 2021, by and among the Registrant, the guarantors party thereto, the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent
- Third Amended and Restated Bylaws of the Registrant (effective May
- and Restated Bylaws.
This story originally appeared on Fintel.
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