BMO Capital raised the firm’s price target on Toast (TOST) to $45 from $44 and keeps an Outperform rating on the shares. The company reported a broad-based Q1 beat and raised its FY25 guidance while also indicating no change in consumer trends through early May, the analyst tells investors in a research note. BMO adds that the management further pointed to record location adds in Q2, also noting that trends in the core SMB base “appear healthy”.
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Read More on TOST:
- Toast Inc. Poised for Strong Growth: Analyst Recommends ‘Buy’ Amid Robust Performance and Expansion Plans
- Mixed Signals Lead to Hold Rating for Toast Inc: Strong Q1 Performance and Future Challenges
- Toast, Inc. Earnings Call Highlights Strong Growth and Positive Outlook
- Toast price target raised to $37 from $35 at Piper Sandler
- Toast price target raised to $50 from $46 at Morgan Stanley
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