poisar

Stocks · News reference

DA Davidson Maintains Neutral on Toast, Raises Price Target to $34

Benzinga Newsdesk

DA Davidson analyst Peter Heckmann maintains Toast (NYSE:TOST) with a Neutral and raises the price target from $30 to $34.

More stocks newsConnected markets

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

TOST
Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. Keith Noonan

    Toast Turned $1.91 Billion in Revenue Into $154 Million in Profit. The Payments Half Is Doing the Heavy Lifting.

    Toast reported Q2 revenue of $1.91 billion with net income of $154 million (80.7% margin). The payments business drives profitability with $360 million in gross profit, while the subscription services segment has the highest margins at 78% gross margin. The hardware segment operates at negative margins as a customer acquisition strategy. Toast's business model leverages payments to acquire customers for higher-margin subscription services.

    TOST