Toast price target raised to $45 from $40 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on Toast (TOST) to $45 from $40 and keeps an Outperform rating on the shares. The company reported strong Q4 results and offered an upbeat outlook for fiscal 2025, the analyst tells investors in a research note. The firm says Toast’s growth initiatives and annual recurring revenue growth keep it “very bullish” on the shares.