‘This is an incredible company,’ says Baird analyst
- Baird analyst upgrades Toast Inc. stock to outperform
- Stock declined over 20% this week
- Company’s revenue growth and market share gains are attractive
- Toast’s software and payments products are resonating in the restaurant industry
- Analyst sets $18 target price, 29% above current level
Baird analyst David Koning has upgraded Toast Inc. stock to outperform, despite the recent decline in share price. Koning finds the company’s revenue growth and market share gains attractive, and believes that Toast’s software and payments products are resonating in the restaurant industry. He sets a target price of $18, which is 29% above the current level.
Factuality Level: 7
Factuality Justification: The article provides information about an analyst’s upgrade of Toast Inc. stock and the reasons behind it. The information seems to be based on the analyst’s opinion and analysis of the company’s performance. However, there is no independent verification or counterarguments provided in the article. Therefore, while the article may be factually accurate in reporting the analyst’s views, it lacks a comprehensive analysis of the stock and may not present a balanced perspective.
Noise Level: 4
Noise Justification: The article provides some analysis of the recent selloff in Toast Inc. shares and the reasons behind it. However, it lacks in-depth analysis and evidence to support the claims made by the analyst. The article also includes irrelevant information about the company’s software and payments products, which is not directly related to the buying opportunity mentioned in the headline.
Financial Relevance: Yes
Financial Markets Impacted: Toast Inc. shares
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the recent selloff in Toast Inc. shares and the buying opportunity it presents. It provides analysis from Baird analyst David Koning, who upgraded the stock to outperform. While there are concerns about factors such as slowing growth of subscription revenue and a lessening impact from Toast Capital, Koning views the company’s revenue growth and market share as attractive. There is no mention of an extreme event or its impact.
Public Companies: Toast Inc. (TOST)
Key People: David Koning (Baird analyst)
Reported publicly:
www.marketwatch.com 
