Toast price target raised to $28 from $24 at Baird

Baird raised the firm’s price target on Toast to $28 from $24 and keeps an Outperform rating on the shares. The firm said they like the stock alot and they expect a Q1 beat and raise. The like the very strong growth profile, and a few key factors including they guided Q1 and 2024 after tough weather in January, the yield likely has room to beat, and incremental margins have been strong.