BMO Capital raised the firm’s price target on Toast (TOST) to $48 from $46 and keeps an Outperform rating on the shares. The company is a long-term winner in the U.S. restaurant technology/payments market and its Q4 trends were generally better than expected, the analyst tells investors in a research note. Toast’s initial 2025 guide for recurring gross profit growth was slightly softer vs. consensus, but this represents a conservative starting point, the firm adds.
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Read More on TOST:
- Toast price target raised to $47 from $41 at UBS
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- Toast price target raised to $40 from $38 at Baird
- Hold Rating for Toast Inc.: Balancing Strong Q4 Performance with Mixed 2025 Guidance and High Valuation Concerns
- Toast price target raised to $42 from $36 at JPMorgan