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.（紐約證券交易所代碼：TOST）在發佈2024年第一季度財務業績後，週三股價大幅上漲了近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.
須知：以其爲餐廳量身定製的一體化數字技術平台而聞名的Toast在週二收盤後公佈了截至3月31日的季度業績強勁。
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.
首席執行官兼聯合創始人阿曼·納朗對公司在2024年的強勁開局表示滿意，他強調了在擴大餐廳面積和推動年化經常性運營率（ARR）增長方面取得的重大成就。第一季度值得注意的財務亮點包括ARR達到13億美元，總支付量（GPV）同比增長30％至347億美元。
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對第二季度和2024年全年展望反映了持續的樂觀情緒，預計非公認會計准則訂閱服務和金融技術解決方案毛利將增長。最近的業務亮點包括推出餐廳管理套件以及數字店面和營銷套件，旨在增強餐廳運營和數字化影響力。
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.
在多家公司的分析師積極報道之後，Toast股票的勢頭在週三加速。Canaccord Genuity分析師大衛·海因斯維持Toast的買入並將目標股價從22美元上調至28美元，這表明人們對Toast的增長潛力仍然充滿信心。
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.
富國銀行將目標股價從17美元上調至19美元，尼德姆維持買入評級並將其目標股價從26美元上調至30美元，Keefe、Bruyette & Woods維持市場表現評級並將其目標股價上調至26美元，加拿大皇家銀行資本將其目標股價從23美元上調至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的強勁表現凸顯了其作爲餐飲業數字解決方案領先提供商的地位，致力於推動增長、創新和客戶滿意度。
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TOST Price Action: Toast shares were up 13.7% at $26.98 Wednesday afternoon, according to Benzinga Pro.
TOST價格走勢：根據Benzinga Pro的數據，Toast股價週三下午上漲13.7％，至26.98美元。
Image: courtesy of Toast Inc
圖片：由 Toast Inc 提供