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Toast (NYSE:TOST) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.20 by 30 percent. This is a 100 percent increase over earnings of $0.13 per share from the same period
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Toast, a restaurant-technology company, shows improving fundamentals with strong Q2 earnings and raised EBITDA guidance, plus new AI investments and partnerships with Google and Adyen. However, insider selling and a still-elevated P/E ratio in the mid-40s remain concerns. The analyst is cautiously optimistic about long-term growth potential despite the stock's 44% decline since IPO.
Read original at the-motley-foolExperts' final trades on CNBC's Halftime Report: Gilman Hill CEO picked Microchip Technology, Chevy Chase Trust CIO chose Cognex, NewEdge CEO recommended Intuit, and Ritholtz CEO mentioned Toast's strong Q2 results.
Read original at benzingaTruist Securities analyst Matthew Coad maintains Toast (NYSE:TOST) with a Buy and raises the price target from $33 to $39.
Read original at benzinga