Lauri Patterson Introduction & Investment Thesis I had last written about Toast (NYSE:NYSE:TOST) in May, where I held my "buy" rating on the stock after it reported its Q1 FY24 earnings, where revenue and Adjusted EBITDA grew 31% and 435% YoY, respectively. My bullish thesis was predicated on my belief that the company is continuing to scale into new locations while building a strong sales organization to drive a higher number of product modules per customer, enabling it to unlock operating leverage. Since ...

Toast (TOST) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this restaurant software provider have returned +3.4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The Zacks Internet - Software industry, to which Toast belongs, has lost 6.4% over this period. Now the key question is: Where could the stock be headed in the near term? While media r ...

Toast (TOST) closed the most recent trading day at $26, moving +1.25% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%. The investment community will be closely monitoring the performance of Toast in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2024. In that report, analysts expect Toast to post earning ...

Toast Inc. (TOST, Financial) is a $13 billion market cap payment solutions company that is tailored toward restaurants of any size, with the vast majority of its presence coming from the United States. With more than a billion dollars in annual revenue, Toast also offers software solutions to these restaurants and capital financing via Toast Capital, where clients can obtain loans directly and have accumulated approximately $1 billion in loan originations. This is done at a lower credit risk as Toast Capita ...

Toast's restaurant management software is more popular than ever, but the fast-growing business is still losing money. Shares of Toast (TOST 2.49%) recently got a little bump from a positive analyst note. Dan Dolev at Mizuho upgraded his rating on the stock to outperform and raised his price target to $33 per share. Dolev's new price target implies a 21% gain over the next 12 months if the rest of the stock market begins viewing the restaurant software company in the same light as he does. Is now a good tim ...

The case for Toast There are several growth opportunities that management has identified and is already investing in. It continues to add locations in its core business at a healthy pace, and 20% of new locations come from referrals. Do you like to eat out? You might have noticed recently that more and more restaurants have shiny new hardware to take orders and accept payment, whether fast food or sit-down style. Toast (TOST 2.49%) is one of the most popular versions, and it's growing quickly. Its stock is ...

Toast (TOST 2.49%) has quickly emerged as a leader in the digital transformation of the restaurant industry. With shares trading near a 52-week high, could shares of Toast still make an appetizing addition to your portfolio? While point-of-sale equipment and food ordering technology have long been staples of small and large dining establishments, Toast stands out with its vertically integrated platform. Its cloud-based management suite supports all aspects of often-complex restaurant operations. The latest ...

Shares of this restaurant software provider have returned +7.3% over the past month versus the Zacks S&P 500 composite's +4.3% change. The Zacks Internet - Software industry, to which Toast belongs, has gained 0.1% over this period. Now the key question is: Where could the stock be headed in the near term? Revisions to Earnings Estimates For the current quarter, Toast is expected to post a loss of $0.02 per share, indicating a change of +89.5% from the year-ago quarter. The Zacks Consensus Estimate remained ...

TINTON FALLS, N.J., July 8, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that long-term Commvault executive and current Chief Financial Officer (CFO), Gary Merrill, will transition to a new role, serving as the company's first Chief Commercial Officer (CCO). In this role, Merrill will lead the company's global sales and partner teams. DiRico spent close to a decade at Toast, where she was instrumental in its succes ...

The restaurant software provider's shares have seen an increase of 8.84% over the last month, surpassing the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 3.38%. Investors might also notice recent changes to analyst estimates for Toast. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The Internet - Software industry is ...