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Analysts Offer Insights on Technology Companies: ON24 (ONTF) and Toast Inc (TOST)

Analysts have been eager to weigh in on the Technology sector with new ratings on ON24 (ONTFResearch Report) and Toast Inc (TOSTResearch Report).

ON24 (ONTF)

In a report released yesterday, Robert Oliver from Robert W. Baird maintained a Hold rating on ON24, with a price target of $12.00. The company’s shares closed last Tuesday at $8.62, close to its 52-week low of $8.49.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 8.7% and a 52.5% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Tyler Technologies, and PROS Holdings.

Currently, the analyst consensus on ON24 is a Hold with an average price target of $13.00, representing a 50.6% upside. In a report issued on September 12, KeyBanc also initiated coverage with a Hold rating on the stock.

See Insiders’ Hot Stocks on TipRanks >>

Toast Inc (TOST)

Robert W. Baird analyst David Koning maintained a Buy rating on Toast Inc on September 19 and set a price target of $25.00. The company’s shares closed last Tuesday at $18.63, close to its 52-week low of $11.91.

According to TipRanks.com, Koning is a 3-star analyst with an average return of 0.7% and a 48.4% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toast Inc with a $24.39 average price target, implying a 31.1% upside from current levels. In a report issued on September 8, Wells Fargo also maintained a Buy rating on the stock with a $23.00 price target.

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