Toast Is a Dominant Player With Impressive Momentum, Says Analyst
Toast Is a Dominant Player With Impressive Momentum, Says Analyst
Wedbush analyst Moshe Katri initiated coverage on the shares of Toast Inc (NYSE:TOST) with an outperform rating and announced a price target of $30.
Wedbush分析師摩西·卡特里以跑贏大盤的評級開始對Toast Inc（紐約證券交易所代碼：TOST）的股票進行報道，並宣佈目標股價爲30美元。
The company reported first-quarter revenue of $1.075 billion, beating the analyst consensus estimate of $1.041 billion.
該公司公佈的第一季度收入爲10.75億美元，超過了分析師普遍預期的10.41億美元。
Full-year 2024 adjusted EBITDA is expected to be between $250 million and $270 million.
2024年全年調整後的息稅折舊攤銷前利潤預計將在2.5億美元至2.7億美元之間。
Toast, according to the analyst, serves as the restaurant operating system connecting front-of-house and back-of-house operations across dine-in, takeout and delivery channels.
根據分析師的說法，Toast是餐廳操作系統，連接堂食、外賣和送貨渠道中的前臺和後臺業務。
By enabling capabilities through a single, integrated platform, the company improves the experiences across the ecosystem, added the analyst.
分析師補充說，通過單一的集成平台啓用功能，該公司改善了整個生態系統的體驗。
Toast is well positioned to add more locations in 2024, reflected in the strong U.S. SMB pipeline, while pointing to gradual, increased traction in international markets, the analyst asserted.
分析師斷言，Toast完全有能力在2024年增加更多地點，這反映在強大的美國中小企業渠道上，同時也表明國際市場的吸引力將逐漸增加。
The analyst said important metrics such as Guest Potential Value (GPV) and firm pricing are moving in the right direction.
這位分析師表示，賓客潛在價值（GPV）和公司定價等重要指標正朝着正確的方向發展。
Given Toast's robust location expansion in the U.S. and recent improvements in operating and financial metrics, the analyst expects the company to post 30% + Y/Y gross profit and adjusted EBITDA growth in FY24 and FY25, respectively.
鑑於Toast在美國的強勁擴張地點以及最近運營和財務指標的改善，分析師預計該公司將在24財年和25財年分別實現30％以上的毛利潤和調整後的息稅折舊攤銷前利潤增長。
The $30 price target represents a 36.3x EV/EBITDA multiple on the analyst's FY25 AEBITDA estimate.
根據分析師對25財年息折舊攤銷前利潤的估計，30美元的目標股價爲36.3倍的電動汽車/息稅折舊攤銷前利潤倍數。
TOST Price Action: Toast shares closed Friday up 0.28% at $25.46.
TOST價格走勢：Toast股價週五收盤上漲0.28％，至25.46美元。
Photo: Toast Inc.
照片：Toast Inc.
譯文內容由第三人軟體翻譯。