DA Davidson lowered the firm’s price target on Toast (TOST) to $28 from $33 and keeps a Neutral rating on the shares. The company reported solid Q1 results with total revenue up 22% and the management modestly increasing their initial 2026 guidance ranges, though the firm’s reduced price target reflects sustained pressure on peer multiples within the Payments space, the analyst tells investors in a research note.
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Read More on TOST:
- Toast price target lowered to $38 from $45 at Mizuho
- Toast price target lowered to $30 from $36 at Truist
- Rothschild downgrades Toast on risk from DoorDash U.S. rollout
- Toast downgraded to Neutral from Buy at Rothschild & Co Redburn
- Analyst Maintains Buy Rating on Toast, Keeps $39 Price Target Amid Strength in Recurring Profit and Expanding Market Opportunity