Toast (NYSE:TOST) Price Target Raised to $34.00

Toast (NYSE:TOST) had its price target upped by DA Davidson from $30.00 to $34.00 in a report issued on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

TOST has been the topic of several other research reports. Sanford C. Bernstein raised their price objective on Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Oppenheimer upped their target price on Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Toast from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Royal Bank Of Canada raised their price target on Toast from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group upgraded Toast from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, July 9th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Toast presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Toast Price Performance

Shares of NYSE TOST opened at $34.14 on Monday. The company has a 50-day simple moving average of $28.95 and a 200-day simple moving average of $27.89. The company has a market cap of $17.55 billion, a PE ratio of 43.77 and a beta of 1.72. Toast has a 12 month low of $22.26 and a 12 month high of $45.64.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts anticipate that Toast will post 1 EPS for the current year.

Insider Transactions at Toast

In other Toast news, CEO Aman Narang sold 124,542 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $35.29, for a total transaction of $4,395,087.18. Following the completion of the sale, the chief executive officer owned 175,458 shares of the company’s stock, valued at approximately $6,191,912.82. The trade was a 41.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Vassil sold 14,280 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $32.89, for a total value of $469,669.20. Following the sale, the executive owned 69,966 shares of the company’s stock, valued at $2,301,181.74. This represents a 16.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 503,245 shares of company stock valued at $16,387,254 in the last ninety days. Company insiders own 10.03% of the company’s stock.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Jennison Associates LLC lifted its stake in shares of Toast by 1.0% during the fourth quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock worth $538,259,000 after purchasing an additional 157,394 shares in the last quarter. Morgan Stanley lifted its position in Toast by 6.7% during the 4th quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock worth $368,332,000 after acquiring an additional 653,487 shares in the last quarter. State Street Corp boosted its holdings in Toast by 3.0% in the 4th quarter. State Street Corp now owns 9,820,594 shares of the company’s stock worth $348,729,000 after acquiring an additional 282,282 shares during the period. XN LP boosted its holdings in Toast by 50.8% in the 4th quarter. XN LP now owns 8,988,386 shares of the company’s stock worth $319,178,000 after acquiring an additional 3,029,856 shares during the period. Finally, Geode Capital Management LLC grew its position in Toast by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company’s stock valued at $307,214,000 after acquiring an additional 169,230 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Toast’s Q2 revenue increased 23.1% year over year to $1.91 billion, exceeding analysts’ $1.87 billion estimate. The company also earned $0.26 per share, compared with $0.13 a year earlier, demonstrating continued operating improvement despite missing the $0.32 consensus forecast. 5 Insightful Analyst Questions From Toast’s Q2 Earnings Call
• Positive Sentiment: Toast expanded its partnership with Adyen into the United States. Adyen will provide payment capabilities for Toast’s restaurant, hospitality and retail customers, supporting a platform that processed more than $215 billion in gross payment volume across approximately 180,000 locations during the 12 months ended June 30, 2026. Adyen Expands Global Partnership With Toast Into U.S.
• Neutral Sentiment: A Q2 earnings-call recap highlighted five key analyst questions, keeping investor attention focused on Toast’s growth outlook, profitability and execution following the quarterly results. The discussion may provide additional insight, but the available report does not identify a major new catalyst. 5 Insightful Analyst Questions From Toast’s Q2 Earnings Call
• Negative Sentiment: CEO Aman Narang sold approximately $5.72 million of Toast shares in transactions on August 7 and August 10. CFO Elena Gomez sold approximately $280,000 across recent transactions. The sales were made under pre-arranged Rule 10b5-1 plans, which may indicate scheduled diversification rather than reduced confidence, but the scale of the transactions can weigh on sentiment. Toast Insider Sale Filing
• Negative Sentiment: DA Davidson raised its Toast price target from $30 to $34 while maintaining a Neutral rating. The higher target acknowledges some improvement, but the Neutral stance suggests limited upside at recent trading levels and reinforces valuation concerns. DA Davidson Increases Toast Price Target
• Negative Sentiment: Toast’s quarterly EPS missed consensus expectations by $0.06. With the stock trading at a relatively high earnings multiple, investors may be particularly sensitive to any shortfall in profitability, even though revenue growth remains strong.

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.