Bernstein has revised its price target for Toast (TOST, Financial), decreasing it to $37 from the previous $40 in anticipation of the company's upcoming quarterly earnings report. The firm has maintained its Market Perform rating on the stock.
The adjustment reflects Bernstein's recalibration of Gross Payment Volume (GPV) per location and the consideration of potentially increased hardware costs during the latter half of the year. These factors contribute to the firm's updated projection, aligning expectations with current market conditions and operational challenges Toast might face.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Toast Inc (TOST, Financial) is $40.63 with a high estimate of $50.00 and a low estimate of $25.00. The average target implies an upside of 18.49% from the current price of $34.29. More detailed estimate data can be found on the Toast Inc (TOST) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Toast Inc's (TOST, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Toast Inc (TOST, Financial) in one year is $31.77, suggesting a downside of 7.35% from the current price of $34.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Toast Inc (TOST) Summary page.
