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Wells Fargo Reaffirms Their Buy Rating on Toast Inc (TOST)

In a report released today, Jeff Cantwell from Wells Fargo maintained a Buy rating on Toast Inc (TOSTResearch Report), with a price target of $23.00. The company’s shares closed yesterday at $19.08.

According to TipRanks, Cantwell is a 5-star analyst with an average return of 10.1% and a 60.22% success rate. Cantwell covers the Services sector, focusing on stocks such as Paypal Holdings, Paymentus Holdings, and Global Payments.

Toast Inc has an analyst consensus of Strong Buy, with a price target consensus of $25.19, implying a 32.02% upside from current levels. In a report released on August 31, Robert W. Baird also maintained a Buy rating on the stock with a $25.00 price target.

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TOST market cap is currently $10.15B and has a P/E ratio of -29.44.

Based on the recent corporate insider activity of 83 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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