
Toast (TOST) Stock Forecast & Price Target
Toast (TOST) Analyst Ratings
Bulls say
Toast expects to achieve an adjusted EBITDA in the range of $565-$585 million for fiscal 2024, an increase from a previous estimate of $540-$560 million, highlighting strong operational performance. The company's momentum is further underscored by the addition of 8,500 new restaurant locations in the second quarter, indicating expanding market share within the US restaurant sector. Looking ahead to fiscal year 2025, Toast anticipates gross profit from subscription services and FinTech solutions to rise to $1.815-$1.835 billion, reflecting sustained growth driven by both increasing location counts and enhanced recurring revenue per location.
Bears say
The financial outlook for Toast is negatively impacted by potential stagnation in recurring revenue growth amid a prolonged economic downturn, which could hinder new restaurant openings and consumer spending. The company remains unprofitable due to ongoing investments in growth, with anticipated continued losses that expose it to execution risks if the business model fails to scale effectively. Additionally, supply chain issues, including chip shortages, may result in hardware bottlenecks that could delay customer onboarding and strain growth prospects further.
This aggregate rating is based on analysts' research of Toast and is not a guaranteed prediction by Public.com or investment advice.
Toast (TOST) Analyst Forecast & Price Prediction
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