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Mizuho Securities Sticks to Their Buy Rating for Toast Inc (TOST)

In a report released today, Dan Dolev from Mizuho Securities reiterated a Buy rating on Toast Inc (TOSTResearch Report), with a price target of $24.00. The company’s shares closed yesterday at $18.98.

According to TipRanks, Dolev is an analyst with an average return of -3.1% and a 46.34% success rate. Dolev covers the Technology sector, focusing on stocks such as Affirm Holdings, Block, and Coinbase Global.

Toast Inc has an analyst consensus of Strong Buy, with a price target consensus of $26.71, which is a 40.73% upside from current levels. In a report released on November 11, KeyBanc also maintained a Buy rating on the stock with a $26.00 price target.

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Based on Toast Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $752 million and a GAAP net loss of $98 million. In comparison, last year the company earned a revenue of $486 million and had a GAAP net loss of $254 million

Based on the recent corporate insider activity of 88 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Toast Inc is a cloud-based, end-to-end technology platform purpose-built for the entire restaurant community. Its platform provides a suite of SaaS products, financial technology solutions including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as the restaurant operating system, connecting front of house and back of house operations across dine-in, takeout, and delivery channels.

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