Bull of the Day: Toast (TOST)

Zacks11-15 19:30

Toast (TOST) is a Zack Rank #1 (Strong Buy) that offers a cloud-based point-of-sale system for restaurants. The company provides tools for order management, payments, online ordering, and customer ...

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The company provides tools for order management, payments, online ordering, and customer ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bull-day-toast-tost-113000596.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull of the Day: Toast (TOST)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull of the Day: Toast (TOST)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bull-day-toast-tost-113000596.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Toast (TOST) is a Zack Rank #1 (Strong Buy) that offers a cloud-based point-of-sale system for restaurants. The company provides tools for order management, payments, online ordering, and customer ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bull-day-toast-tost-113000596.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/bull-day-toast-tost-113000596.html","article_id":"2483378350","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/dnmPoVzxBVh_GKuOVmkA.A--~B/aD0yNjY7dz01NzE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/eb9b6d3379f8bf5c70101a093be24ab7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483378350","pubTimestamp":1731670200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Toast  is a Zack Rank #1  that offers a cloud-based point-of-sale system for restaurants. The company provides tools for order management, payments, online ordering, and customer engagement, all aimed at streamlining restaurant operations.The stock has soared to multi-year highs this month following an earnings report that exceeded expectations. Now up over 100% for 2024, investor interest remains strong as many continue to bet on the stock’s ongoing upward momentum.Toast, founded in 2011 and headquartered in Boston, Massachusetts, is valued at approximately $22 billion and employs around 5,500 people.Toast has expanded to include online ordering, delivery integrations, and marketing solutions, helping restaurants optimize their operations and grow revenue in a competitive market.“Toast delivered a strong third quarter, adding approximately 7,000 net new locations, growing our recurring gross profit streams 35%, and achieving Adjusted EBITDA of $113 million. We are well positioned to f","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU0106831901.USD":"贝莱德世界金融基金A2","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0971096721.USD":"富达环球金融服务 A","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4581":"高盛持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","TOST":"Toast, Inc.","BK4534":"瑞士信贷持仓","BK4516":"特朗普概念","BK4504":"桥水持仓","BK4227":"交易和支付处理服务","LU1548497426.USD":"安联环球人工智能AT Acc","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4127":"投资银行业与经纪业","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4106":"数据处理与外包服务","BK4585":"ETF&股票定投概念","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC"},"translate_title":"今日公牛：吐司（TOST）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TOST":1},"content_text":"Toast (TOST) is a Zack Rank #1 (Strong Buy) that offers a cloud-based point-of-sale system for restaurants. The company provides tools for order management, payments, online ordering, and customer engagement, all aimed at streamlining restaurant operations.\nThe stock has soared to multi-year highs this month following an earnings report that exceeded expectations. Now up over 100% for 2024, investor interest remains strong as many continue to bet on the stock’s ongoing upward momentum.\nAbout the Company\nToast, founded in 2011 and headquartered in Boston, Massachusetts, is valued at approximately $22 billion and employs around 5,500 people.\nWith its point-of-sale (POS) system as the core, Toast simplifies day-to-day operations for restaurants, enabling seamless transaction processing, order tracking, and kitchen communication.\nIts platform also includes features for managing employee payroll, tips, and scheduling, as well as robust reporting and analytics tools to help restaurants drive data-driven decisions.\nToast has expanded to include online ordering, delivery integrations, and marketing solutions, helping restaurants optimize their operations and grow revenue in a competitive market.\nThe stock has a Zacks Style Score of “A” in Growth and Momentum. However, the stock has a “F” in Value.\nQ3 Earnings Beat\nOn November 7th, the company reported a 600% EPS beat and raised its FY guidance.\nQ3 EPS came in at $0.07 v the $0.01 expected, while revenues were $1.31B v the $1.29B expected.\nThe company raised FY24 adjusted EBIOTDA to $352M up from $285-$305M. Non-GAAP subscription services and financial technology solutions gross profit $1.40-1.41B (+32-33% y/y), which was up from the 1.36B (+27-29% y/y) prior.  \nGross Payment Volume was up 24% y/y, while annual Recurring Revenue was up 28% y/y. Total locations were +28% y/y, up to 127k.\nManagement comments were overwhelmingly bullish:\n“Toast delivered a strong third quarter, adding approximately 7,000 net new locations, growing our recurring gross profit streams 35%, and achieving Adjusted EBITDA of $113 million. We are well positioned to finish out the year strong and carry this momentum into 2025.”\nEstimates Headed Higher\nAnalysts are bullish as well, lifting estimates and price targets since the earnings report.\nFor the current quarter, earnings estimates doubled, going from $0.01 to $0.02.\nFor the current year, estimates also improved, going from a loss of $0.10 to a loss of only $0.07.\nFor the next year, the bottom line moves into the black. Analysts now see $0.33, which is up 18% from the $0.28 expected before earnings.\n\nToast, Inc. Price and Consensus\n\nToast, Inc. price-consensus-chart | Toast, Inc. Quote\n\nWith the big beat and guide higher, analysts are lifting their price targets.\nJPMorgan maintained a Neutral rating on Toast and raised its price target from $28 to $36. Morgan Stanley reiterated an Overweight rating, increasing its target from $33 to $45. Meanwhile, Wedbush kept an Outperform rating, adjusting the price target from $35 to $45.\nThe Technical Take\nThe stock is on the verge of a clear breakout, hitting levels not seen since 2021. The company IPO’d that year, trading all the way up to $69. However, it was straight down from there, with TOST making a low under $12 back in 2022.\nAfter trading sideways for the last couple years, the stock has broken the technical resistance between $27-30 and surged higher.\nWith the stock at $40, investors might be hesitant to chase, so let us look at some levels to buy on a pullback.\nPost earnings low: $36\nGap fill: $33\n21-day: $32\n50-day: $29.20\n200-day: $25.20\nFibonacci buy zone (50%-61.8% retracements): $29.70-$32\nWhile that 200-day might be out of reach, investors could start to build positions at those higher levels.\nIn Summary\nToast (TOST) is emerging as a leader in the restaurant technology space, capitalizing on its impressive growth trajectory and strong market momentum.\nThe company's recent earnings beat, upwardly revised guidance, and expanding footprint reflect its ability to deliver value across restaurant operations, from order management to financial analytics.\nAs Toast looks to carry its growth into 2025, it remains a stock to watch for those betting on the future of digital transformation in the restaurant industry.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nToast, Inc. (TOST) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483378350"}