Baird analyst David Koning raised the firm’s price target on Toast to $24 from $22 and keeps an Outperform rating on the shares. The firm said the last two weeks of December showed nice acceleration overall in restaurant data. Full Q4 restaurant data appears to be similar to Q3 and they we modeled Toast as slightly decelerating, which seems conservative, with December improving from November and November improving from October.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TOST:
- Seaport Research financial analyst to hold an analyst/industry conference call
- Toast Inc call volume above normal and directionally bullish
- The top fintech stocks to own in 2024, according to BTIG
- The top payments stocks to own in 2024, according to BofA
- AutoZone upgraded, Shopify downgraded: Wall Street’s top analyst calls