
Toast (TOST) Stock Forecast & Price Target
Toast (TOST) Analyst Ratings
Bulls say
Toast is experiencing robust financial growth, as evidenced by the expected adjusted EBITDA for fiscal 2024 being raised to a range of $565-$585 million, up from the prior estimate of $540-$560 million. The company continues to expand its reach within the U.S. restaurant market, adding a record 8,500 locations in the second quarter, which positions it favorably for continued market share growth. Additionally, for fiscal year 2025, Toast anticipates gross profit from subscription services and FinTech solutions to be between $1.815-$1.835 billion, reflecting a positive outlook based on increased recurring revenue driven by both the growth in locations and enhanced services offered.
Bears say
Toast faces a negative outlook primarily due to stalled recurring revenue growth, which may be exacerbated by a prolonged economic downturn, decreasing consumer spending, and a slowdown in new restaurant openings. The company continues to incur losses as it invests for growth, leading to concerns around execution risk if its business model fails to scale effectively. Additionally, ongoing supply chain challenges, including chip shortages, could hinder hardware availability and customer onboarding, further impeding growth potential.
This aggregate rating is based on analysts' research of Toast and is not a guaranteed prediction by Public.com or investment advice.
Toast (TOST) Analyst Forecast & Price Prediction
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