Toast (NYSE:TOST) Price Target Raised to $45.00

Toast (NYSE:TOST) had its price objective upped by research analysts at Needham & Company LLC from $35.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 32.48% from the stock’s previous close.

Several other equities research analysts also recently issued reports on TOST. Truist Financial increased their price objective on shares of Toast from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Zacks Research downgraded Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Morgan Stanley set a $45.00 price target on shares of Toast in a research note on Friday, May 8th. Citigroup reduced their target price on shares of Toast from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Toast in a research report on Monday, June 1st. Eighteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Toast currently has a consensus rating of “Moderate Buy” and an average price target of $38.15.

Toast Trading Up 3.6%

Shares of Toast stock opened at $33.97 on Wednesday. The stock’s fifty day simple moving average is $27.87 and its 200 day simple moving average is $27.83. The company has a market capitalization of $17.53 billion, a PE ratio of 52.26 and a beta of 1.72. Toast has a 12 month low of $22.26 and a 12 month high of $49.66.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a return on equity of 20.86% and a net margin of 6.39%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts predict that Toast will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 6,352 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $28.85, for a total transaction of $183,255.20. Following the completion of the sale, the general counsel owned 196,909 shares of the company’s stock, valued at $5,680,824.65. This trade represents a 3.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Aman Narang sold 14,365 shares of Toast stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $28.85, for a total transaction of $414,430.25. Following the transaction, the chief executive officer directly owned 70,451 shares of the company’s stock, valued at approximately $2,032,511.35. This trade represents a 16.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 173,545 shares of company stock worth $4,748,501. 10.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Toast

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bayban bought a new position in Toast in the 4th quarter valued at about $25,000. SHP Wealth Management bought a new stake in shares of Toast during the fourth quarter worth approximately $29,000. Strive Financial Group LLC acquired a new position in shares of Toast in the fourth quarter valued at approximately $29,000. Silicon Valley Capital Partners bought a new position in shares of Toast during the fourth quarter worth approximately $36,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Toast by 2,083.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock worth $37,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 82.91% of the company’s stock.

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue exceeded expectations. Toast reported Q2 revenue of $1.91 billion, above the $1.87 billion analyst consensus and 23.1% higher than a year earlier. The company also added a record 9,500 net locations, indicating continued demand for its restaurant technology platform. Toast Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Recurring revenue and operating leverage improved. Management said recurring gross profit streams grew 28% and GAAP operating-income margins expanded to 26%. These trends support the view that Toast is scaling beyond its core point-of-sale business and becoming more profitable. Toast Q2 2026 Earnings Call Transcript
• Positive Sentiment: Analyst sentiment remains supportive. Toast carries a “Moderate Buy” consensus rating, with an average price target of $37.27. Recent analysts have raised targets, including Truist Financial, which increased its target to $33 while maintaining a buy rating.
• Neutral Sentiment: AI, subscription and fintech adoption are key growth drivers. Pre-earnings estimates anticipated approximately 20.8% revenue growth from these businesses, but investors remain focused on whether Toast can sustain growth while controlling costs. Toast to Report Q2 Earnings
• Negative Sentiment: Profitability comparisons were mixed. One report listed EPS at $0.26, below the $0.32 consensus, while Zacks reported adjusted EPS of $0.34, above estimates. The conflicting figures may cause investors to examine the precise earnings measure and the quality of Toast’s profit growth. Toast Q2 Earnings and Revenues Top Estimates
• Negative Sentiment: The chief revenue officer sold shares. Jonathan Vassil sold 14,280 shares worth approximately $469,700, reducing his position by 16.95%. Because the sale occurred under a pre-arranged Rule 10b5-1 plan, it is a limited bearish signal. SEC insider-trading filing

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.