Fintel reports that on October 19, 2023, Morgan Stanley maintained coverage of Toast Inc - (NYSE:TOST) with a Overweight recommendation.
Analyst Price Forecast Suggests 48.12% Upside
As of October 5, 2023, the average one-year price target for Toast Inc - is 26.04. The forecasts range from a low of 16.16 to a high of $49.35. The average price target represents an increase of 48.12% from its latest reported closing price of 17.58.
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 725 funds or institutions reporting positions in Toast Inc -. This is an increase of 39 owner(s) or 5.69% in the last quarter. Average portfolio weight of all funds dedicated to TOST is 0.41%, an increase of 9.51%. Total shares owned by institutions increased in the last three months by 9.08% to 379,903K shares. 
The put/call ratio of TOST is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 23,305K shares representing 4.35% ownership of the company. In it's prior filing, the firm reported owning 16,650K shares, representing an increase of 28.56%. The firm increased its portfolio allocation in TOST by 66.94% over the last quarter.
HMI Capital Management holds 15,740K shares representing 2.94% ownership of the company. No change in the last quarter.
Generation Investment Management Llp holds 13,028K shares representing 2.43% ownership of the company. In it's prior filing, the firm reported owning 15,505K shares, representing a decrease of 19.02%. The firm decreased its portfolio allocation in TOST by 2.83% over the last quarter.
Durable Capital Partners holds 11,927K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 11,842K shares, representing an increase of 0.72%. The firm increased its portfolio allocation in TOST by 19.69% over the last quarter.
Price T Rowe Associates holds 11,860K shares representing 2.21% ownership of the company. In it's prior filing, the firm reported owning 14,876K shares, representing a decrease of 25.42%. The firm increased its portfolio allocation in TOST by 112.90% 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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