Toast Stock Soars On Strong Q1 Earnings, Optimistic Growth Prospects
Toast Stock Soars On Strong Q1 Earnings, Optimistic Growth Prospects
Toast, Inc. (NYSE:TOST) witnessed a remarkable surge of nearly 14% in its share price Wednesday following the release of its first-quarter 2024 financial results.
Toast, Inc.（纽约证券交易所代码：TOST）在发布2024年第一季度财务业绩后，周三股价大幅上涨了近14％。
What To Know: Toast, renowned for its all-in-one digital technology platform tailored for restaurants, reported robust performance for the quarter ended March 31 after the market close on Tuesday.
须知：以其为餐厅量身定制的一体化数字技术平台而闻名的Toast在周二收盘后公布了截至3月31日的季度业绩强劲。
CEO and co-founder Aman Narang expressed satisfaction with the company's strong start in 2024, highlighting significant achievements in scaling restaurant locations and driving annualized recurring run-rate (ARR) growth. Notable financial highlights for the first quarter included ARR reaching $1.3 billion, with gross payment volume (GPV) rising by 30% year-over-year to $34.7 billion.
首席执行官兼联合创始人阿曼·纳朗对公司在2024年的强劲开局表示满意，他强调了在扩大餐厅面积和推动年化经常性运营率（ARR）增长方面取得的重大成就。第一季度值得注意的财务亮点包括ARR达到13亿美元，总支付量（GPV）同比增长30％至347亿美元。
Toast's outlook for the second quarter and full-year 2024 reflects continued optimism, with anticipated growth in non-GAAP subscription services and financial technology solutions gross profit. Recent business highlights include the introduction of the Restaurant Management Suite and the Digital Storefront and Marketing Suites, aimed at enhancing restaurant operations and digital presence.
Toast对第二季度和2024年全年展望反映了持续的乐观情绪，预计非公认会计准则订阅服务和金融技术解决方案毛利将增长。最近的业务亮点包括推出餐厅管理套件以及数字店面和营销套件，旨在增强餐厅运营和数字化影响力。
The momentum in Toast shares accelerated on Wednesday following positive analyst coverage from multiple firms. Canaccord Genuity analyst David Hynes maintained Toast with a Buy and raised the price target from $22 to $28, suggesting ongoing confidence in Toast's potential for growth.
在多家公司的分析师积极报道之后，Toast股票的势头在周三加速。Canaccord Genuity分析师大卫·海因斯维持Toast的买入并将目标股价从22美元上调至28美元，这表明人们对Toast的增长潜力仍然充满信心。
Wells Fargo raised its price target from $17 to $19, Needham maintained a Buy rating and raised its price target from $26 to $30, Keefe, Bruyette & Woods maintained a Market Perform rating and raised its price target to $26 and RBC Capital lifted its price target from $23 to $27.
富国银行将目标股价从17美元上调至19美元，尼德姆维持买入评级并将其目标股价从26美元上调至30美元，Keefe、Bruyette & Woods维持市场表现评级并将其目标股价上调至26美元，加拿大皇家银行资本将其目标股价从23美元上调至27美元。
Toast's strong performance underscores its position as a leading provider of digital solutions for the restaurant industry, committed to driving growth, innovation and customer satisfaction.
Toast的强劲表现凸显了其作为餐饮业数字解决方案领先提供商的地位，致力于推动增长、创新和客户满意度。
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TOST Price Action: Toast shares were up 13.7% at $26.98 Wednesday afternoon, according to Benzinga Pro.
TOST价格走势：根据Benzinga Pro的数据，Toast股价周三下午上涨13.7％，至26.98美元。
Image: courtesy of Toast Inc
图片：由 Toast Inc 提供