Toast, Inc. (NYSE:TOST) Receives $37.15 Average Target Price from Analysts

Toast, Inc. (NYSE:TOST) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.3846.

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of Toast from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore reissued an “outperform” rating on shares of Toast in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC lifted their target price on shares of Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday.

Toast Stock Up 3.4%

NYSE:TOST opened at $34.95 on Monday. Toast has a 12-month low of $22.26 and a 12-month high of $46.81. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 44.80 and a beta of 1.72. The stock’s 50 day moving average price is $28.08 and its two-hundred day moving average price is $27.84.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Toast had a return on equity of 23.91% and a net margin of 7.14%.The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts expect that Toast will post 0.97 EPS for the current year.

Insider Activity at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 6,352 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $28.85, for a total value 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. The trade was a 3.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Vassil sold 14,280 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $32.89, for a total transaction of $469,669.20. Following the transaction, the executive owned 69,966 shares in the company, valued at approximately $2,301,181.74. The trade was a 16.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 173,545 shares of company stock valued at $4,748,501. Insiders own 10.03% of the company’s stock.

Institutional Investors Weigh In On Toast

Several institutional investors have recently made changes to their positions in TOST. Bayban acquired a new position in Toast in the 4th quarter valued at $25,000. SHP Wealth Management bought a new stake in shares of Toast during the 4th quarter valued at $29,000. Strive Financial Group LLC acquired a new stake in shares of Toast during the 4th quarter worth $29,000. Silicon Valley Capital Partners acquired a new stake in shares of Toast during the 4th quarter worth $36,000. Finally, Quadrant Capital Group LLC increased its position in shares of Toast by 2,083.3% in 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. 82.91% of the stock is currently owned by institutional investors.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raised their expectations. Needham lifted its price target from $35 to $45 and upgraded Toast to “buy.” BMO raised its target from $35 to $40 with an “outperform” rating, while Piper Sandler increased its target to $39 and assigned an “overweight” rating. These revisions indicate greater confidence in Toast’s growth and profitability prospects. Analyst price-target actions
• Positive Sentiment: Q2 revenue and operating trends were strong. Toast reported $1.91 billion in quarterly revenue, exceeding the $1.87 billion consensus estimate and increasing 23.1% year over year. Recurring gross profit streams grew 28%, GAAP operating-income margins expanded to 26%, and the company added a record 9,500 net locations. Toast second-quarter 2026 results
• Positive Sentiment: Management is reinvesting in AI and expansion. Toast plans to use its recent momentum to accelerate artificial-intelligence initiatives and broaden its restaurant-technology platform. The company also raised its 2026 outlook, reinforcing the bullish reaction to the earnings call. Toast Q2 earnings call and AI reinvestment
• Neutral Sentiment: Options activity points to heightened speculative interest. Investors purchased 20,735 call options, 34% above typical call volume. This may reflect bullish positioning, but options activity alone does not confirm sustained buying or a change in fundamentals.
• Negative Sentiment: Profitability results were mixed. One earnings report cited adjusted EPS of $0.26, below the $0.32 consensus, despite year-over-year improvement; a separate Zacks summary reported EPS of $0.34 and a beat. The conflicting figures create some uncertainty, while any confirmed earnings miss could temper upside after the recent rally.
• Negative Sentiment: The chief revenue officer sold shares. Jonathan Vassil sold 14,280 shares worth approximately $469,700, reducing his holdings 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.