On Tuesday, Toast got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
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The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Toast is currently forming a cup with handle, with a 36.75 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock sports an 80 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company posted 0% EPS growth. Revenue growth climbed 29%, up from 26% in the prior report. That marks one quarter of rising revenue increases. The company's next quarterly report is expected on or around May. 8.
Toast earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. Paymentus Holdings is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
