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Posted by
Two Blokes May 18 -
Filed in
Stock
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2 views
I am upgrading Toast to 'buy' with a $54.3 price target, as the company continues to demonstrate sustained growth and operating leverage despite near-term macro headwinds. Q1 FY25 saw strong revenue and profit growth, driven by high-margin Subscription Services and disciplined cost control, with free cash flow outpacing EPS. Momentum in the US market, major enterprise wins like Applebee's, and AI innovation are expanding Toast's TAM and deepening customer adoption.
