tiprankstipranks

Toast price target raised to $37 from $35 at Piper Sandler

Piper Sandler raised the firm’s price target on Toast (TOST) to $37 from $35 and keeps a Neutral rating on the shares. With only one quarter under the belt in FY25, Toast raised FY25 EBITDA margin expectations by another 120bps to an expected 450bps of expansion year-over-year, the firm notes. This puts full year 2025 EBITDA growing 47% year-over-year with margins at about 31%, extending beyond the low end of the medium-term target range.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue