TOAST INC-CLASS A (NYSE:TOST) – A High-Growth Momentum Stock with Strong Technical Setup

TOAST INC-CLASS A (NYSE:TOST) stands out as a high-growth momentum candidate with a solid technical setup. The company, which provides a cloud-based restaurant management platform, has demonstrated strong earnings and revenue growth while maintaining positive technical momentum.

Growth Momentum Highlights

TOST’s High Growth Momentum Rating of 6 reflects accelerating fundamentals:

• EPS Growth (TTM): 144.7% year-over-year, with recent quarterly growth rates exceeding 160%.
• Revenue Growth (TTM): 28.3%, showing consistent expansion.
• Free Cash Flow Growth: Up 229% over the past year, signaling improving profitability.
• Analyst Revisions: EPS estimates for the next year have been revised upward by 21% in the last three months.
• Profit Margins: While still modest, margins have expanded significantly from prior periods.

Technical Strength & Setup

TOST’s technical profile is equally compelling, with a Technical Rating of 9 and a Setup Rating of 7:

• Trend Strength: Both short-term and long-term trends are positive.
• Relative Strength: Outperforms 96% of stocks in the Financial Services sector.
• Consolidation Pattern: The stock is forming a bull flag, suggesting a potential continuation of its uptrend.
• Support Levels: Multiple support zones between $31.40 and $42.48 provide downside protection.
• Volume & Liquidity: Average daily volume of 7.45 million shares ensures good liquidity.

For a deeper look at the technicals, review the full technical report.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations are based on data at the time of writing, and market conditions can change. Always conduct your own research before making investment decisions.