Piper Sandler raised the firm’s price target on Toast (TOST) to $37 from $35 and keeps a Neutral rating on the shares. With only one quarter under the belt in FY25, Toast raised FY25 EBITDA margin expectations by another 120bps to an expected 450bps of expansion year-over-year, the firm notes. This puts full year 2025 EBITDA growing 47% year-over-year with margins at about 31%, extending beyond the low end of the medium-term target range.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TOST:
- Toast price target raised to $50 from $46 at Morgan Stanley
- Optimistic Buy Rating for Toast Inc: Strong Market Position and Growth Potential Highlighted by Impressive Financial Performance and Strategic Achievements
- Toast price target raised to $42 from $40 at Keefe Bruyette
- Toast Inc’s Strong Q1 Performance and Growth Potential Justifies Buy Rating
- Toast Inc: Strong Growth Trajectory and Market Potential Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue