Uber and Toast Partner to Boost Delivery Reach for US Restaurants
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
Source: Benzinga
Partnership Expansion: Toast, Inc. has expanded its partnership with Uber Technologies to provide restaurants with more delivery options and reduce costs through the integration of Toast Delivery Services with Uber Direct.
Benefits for Restaurants: The collaboration aims to maximize restaurant margins by offering commission-free deliveries and extending their reach to customers ordering through various channels, including phone and digital platforms.
Analyst Views on TOST
Wall Street analysts forecast TOST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TOST is 47.00 USD with a low forecast of 36.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
13 Buy
8 Hold
0 Sell
Moderate Buy
Current: 33.150
Low
36.00
Averages
47.00
High
60.00
Current: 33.150
Low
36.00
Averages
47.00
High
60.00
About TOST
Toast, Inc. is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. It provides a platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Its products include point-of-sale (POS) & restaurant operations, marketing, online ordering & delivery, team management, vendor management, retail, and financial technology solutions. Its in-store POS and restaurant operations offerings are built to help reduce time to take an order, optimize operations, and handle payments. Its marketing products provide integrated solutions to deliver targeted email and SMS campaigns, build loyalty programs, offer gift cards, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
