JPMorgan raised the firm’s price target on Toast (TOST) to $42 from $36 and keeps a Neutral rating on the shares post the Q4 report. The company reported another “impressive” beat in Q4, supported by “healthy” underlying key performance indicators, the analyst tells investors in a research note. The firm likes Toast’s efforts to diversify the platform into new verticals and geographies. It sees upside potential to the company’s 2025 outlook.
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Read More on TOST:
- Toast Inc. Elevated to Top Pick: Strong Financial Performance and Strategic Growth Position
- Balanced Hold Rating for Toast Inc Amid Strong Performance and Market Challenges
- Toast price target raised to $42 from $40 at Keefe Bruyette
- Toast Inc’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
- Toast price target raised to $48 from $43 at Canaccord