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Added to YB: 2024-03-07

Pitch date: 2024-03-05

TOST [bullish]

Toast, Inc.

+43.11%

current return

Author Info

No bio for this author

Company Info

Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally.

Market Cap

$21.1B

Pitch Price

$24.31

Price Target

34.83 (-1%)

Dividend

N/A

EV/EBITDA

59.66

P/E

84.24

EV/Sales

3.29

Sector

Financial Services

Category

growth

Show full summary:
Evercore's Outperform Rating on Toast, Inc. Sparks Optimism

$TOST: Evercore sees 40% upside by '26 on market share gains (15% to 25%), SaaS ARPU growth (12-13% in '25-26), and adj. EBITDA beating Street by 31-40%. Survey ranks Toast #2 after FOUR's Skytab. $26B US SAM + $6B intl. Potential for accelerated growth and significant estimate upside.

Read full article (2 min)