Piper Sandler Issues Positive Forecast for Toast (NYSE:TOST) Stock Price

Toast (NYSE:TOST) had its price target upped by analysts at Piper Sandler from $32.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 14.82% from the stock’s current price.

Other analysts also recently issued reports about the stock. UBS Group reduced their target price on shares of Toast from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen lowered Toast from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. BMO Capital Markets reissued an “outperform” rating on shares of Toast in a research note on Monday, June 1st. Jefferies Financial Group restated a “buy” rating and set a $38.00 price objective on shares of Toast in a research report on Monday. Finally, The Goldman Sachs Group raised Toast from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, July 9th. Eighteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.15.

Toast Stock Performance

TOST stock opened at $33.97 on Wednesday. The firm has a fifty day moving average price of $27.87 and a 200 day moving average price of $27.83. Toast has a fifty-two week low of $22.26 and a fifty-two week high of $49.66. The firm has a market cap of $17.53 billion, a PE ratio of 52.26 and a beta of 1.72.

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

Insider Activity

In other Toast news, CFO Elena Gomez sold 11,605 shares of the firm’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 $334,804.25. Following the completion of the sale, the chief financial officer owned 185,150 shares of the company’s stock, valued at $5,341,577.50. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Brian R. Elworthy sold 108,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.89, for a total value of $2,796,120.00. Following the transaction, the general counsel owned 189,642 shares of the company’s stock, valued at $4,909,831.38. This trade represents a 36.29% 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. Insiders sold 173,545 shares of company stock worth $4,748,501 in the last 90 days. Company insiders own 10.03% of the company’s stock.

Institutional Investors Weigh In On Toast

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bayban purchased a new position in Toast during the 4th quarter valued at $25,000. SHP Wealth Management purchased a new stake in Toast in the fourth quarter worth $29,000. Strive Financial Group LLC purchased a new stake in Toast in the fourth quarter worth $29,000. Silicon Valley Capital Partners bought a new stake in shares of Toast during the fourth quarter worth $36,000. Finally, Quadrant Capital Group LLC lifted its position 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 last quarter. 82.91% of the stock is owned by institutional investors.

Toast News Roundup

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.