TOST - Toast Is a Dominant Player With Impressive Momentum Says Analyst | Benzinga
Wedbush analyst Moshe Katri initiated coverage on the shares of Toast Inc (NYSE:TOST) with an outperform rating and announced a price target of $30.
The company reported first-quarter revenue of $1.075 billion, beating the analyst consensus estimate of $1.041 billion.
Full-year 2024 adjusted EBITDA is expected to be between $250 million and $270 million.
Toast, according to the analyst, serves as the restaurant operating system connecting front-of-house and back-of-house operations across dine-in, takeout and delivery channels.
By enabling capabilities through a single, ...