Toast Stock Could Soar 21%, According to a Wall Street Analyst. Is It a Buy Now?

Shares of Toast (NYSE: TOST) recently got a little bump from a positive analyst note. Dan Dolev at upgraded his rating on the stock to outperform and raised his price target to $33 per share.

Dolev's new price target implies a 21% gain over the next 12 months if the rest of the stock market begins viewing the restaurant software company in the same light as he does.

Is now a good time for you to buy Toast stock? Let's weigh this company's strengths against its challenges to see if it could be right for your portfolio.

Source Fool.com