BofA Securities Resumes Toast Inc. (TOST) at Buy

BofA Securities analyst Matt O\'Neill resumes coverage on Toast Inc. (NYSE: TOST) with a Buy rating and a price target of $40.00.

The analyst comments "We reinstate coverage of TOST at Buy with a $40 PO (18x STM EV/EBITDA). As the leading US restaurant POS and business management platform, we believe investors underestimate the durability of location growth and breadth of TOST’s acquisition funnel as it gains share and expands into retail, enterprise, international, and gas stations. We forecast FY27 net adds of ~34.4k, ~10% above Street, driving FY28 GPV of $330bn vs. Street at $324bn. With a long runway for share gains and vertical expansion, we view the current ~16x multiple as an attractive entry point."

For an analyst ratings summary and ratings history on Toast Inc. click here. For more ratings news on Toast Inc. click here.

Shares of Toast Inc. closed at $29.85 yesterday.

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