These Analysts Raise Their Forecasts On Toast After Better-Than-Expected Q2 Results
Toast Inc (NYSE:TOST) reported Q2 earnings of 26 cents per share and sales of $1.908 billion, exceeding analyst estimates. CEO confident in long-term growth. Analysts raise price targets. Stock down 0.3% in pre-market trading.
Toast did better than experts predicted in Q2, so those experts raised how much they think the company will be worth. When smart watchers believe in a company more, it can be a signal that things are going well, even if the stock price hasn't jumped yet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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