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Toast Inc. (TOST) 2023 Stock Forecast: Bullish Outlook with 32.94% Upside

Toast Inc. (NYSE: TOST) is 19.02% higher on its value in year-to-date trading and has touched a low of $11.91 and a high of $30.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TOST stock was last observed hovering at around $22.34 in the last trading session, with the day’s loss setting it -0.88% off its average median price target of $25.00 for the next 12 months. It is also 32.94% off the consensus price target high of $32.00 offered by 21 analysts, but current levels are -19.22% lower than the price target low of $18.00 for the same period.

Currently trading at $21.46, the stock is 14.85% and 15.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.52 million and changing -3.94% at the moment leaves the stock 21.87% off its SMA200. TOST registered -4.88% loss for a year compared to 6-month gain of 49.34%.

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The stock witnessed a 20.77% loss in the last 1 month and extending the period to 3 months gives it a 3.27%, and is 6.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.26% over the week and 5.18% over the month.

Toast Inc. (TOST) has around 3172 employees, a market worth around $10.37B and $2.48B in sales. Profit margin for the company is -7.10%. Distance from 52-week low is 80.18% and -29.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.20%).

Toast Inc. (TOST) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Toast Inc. (TOST) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Toast Inc. is expected to release its quarterly report on 05/11/2023.The EPS is expected to shrink by -92.60% this year.

Toast Inc. (TOST) Top Institutional Holders

The shares outstanding are 513.72M, and float is at 309.94M with Short Float at 6.10%.

Toast Inc. (TOST) Insider Activity

A total of 106 insider transactions have happened at Toast Inc. (TOST) in the last six months, with sales accounting for 60 and purchases happening 46 times. The most recent transaction is an insider sale by Comparato Christopher P,the company’sChief Executive Officer. SEC filings show that Comparato Christopher P sold 128,947 shares of the company’s common stock on Jan 19 at a price of $19.42 per share for a total of $2.5 million. Following the sale, the insider now owns 0.52 million shares.

Toast Inc. disclosed in a document filed with the SEC on Jan 19 that Comparato Christopher P (Chief Executive Officer) sold a total of 33,333 shares of the company’s common stock. The trade occurred on Jan 19 and was made at $19.43 per share for $0.65 million. Following the transaction, the insider now directly holds 0.17 million shares of the TOST stock.

Still, SEC filings show that on Jan 17, Matlock James Michael (Principal Accounting Officer) disposed off 453 shares at an average price of $20.25 for $9171.0. The insider now directly holds 31,219 shares of Toast Inc. (TOST).

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