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Toast Inc (NYSE:TOST) reported Q2 earnings of 26 cents per share and sales of $1.908 billion, exceeding analyst estimates. CEO confident in long-term growth. Analysts raise price targets. Stock down 0.3% in pre-market trading.
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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