Toast (TOST) slumps on Investor Day updates

Morgan Stanley Calls Toast Inc. (TOST) A Top Pick, 'compelling opportunity to buy'

May 30, 2024 4:01 PM EDT

Morgan Stanley analyst Josh Baer reiterated an Overweight rating and $29.00 price target on Toast Inc. (NYSE: TOST).

The analyst comments "While investors pushed back on a few Investor Day details, our expectations were well met. Pullback in shares combines w/ an expanding TAM,... More

Needham Reiterates Buy Rating on Toast Inc. (TOST)

May 30, 2024 6:36 AM EDT

Needham analyst Mayank Tandon reiterated a Buy rating and $30.00 price target on Toast Inc. (NYSE: TOST)

The analyst comments "Yesterday, we attended TOST's analyst day in NYC where management highlighted its success in penetrating the SMB restaurant market opportunity and its... More

RBC Capital Reiterates Sector Perform Rating on Toast Inc. (TOST)

May 30, 2024 6:23 AM EDT

RBC Capital analyst Daniel Perlin reiterated a Sector Perform rating and $27.00 price target on Toast Inc. (NYSE: TOST)

The analyst comments "At todays Investor Day, Toast laid out its strategy to drive growth to its 2- to 3-year financial targets of >20% recurring... More

Goldman Sachs Reiterates Buy Rating on Toast Inc. (TOST)

May 30, 2024 5:30 AM EDT

Goldman Sachs analyst Will Nance reiterated a Buy rating and $29.00 price target on Toast Inc. (NYSE: TOST).

The analyst comments "We attended the TOST Investor Day where TOST discussed their strategy, market opportunities, and provided updated guidance. Shares underperformed on... More

BofA Securities Reiterates Neutral Rating on Toast Inc. (TOST)

May 30, 2024 5:28 AM EDT

BofA Securities analyst Jason Kupferberg reiterated a Neutral rating and $28.00 price target on Toast Inc. (NYSE: TOST)

The analyst comments "TOST updated its TAM to 1.4M locations, including 875k from US restaurants, 280k from UK/CAN/Ireland, and 220k from... More

Deutsche Bank Reiterates Hold Rating on Toast Inc. (TOST)

May 30, 2024 5:23 AM EDT

Deutsche Bank analyst Bryan Keane reiterated a Hold rating and $24.00 price target on Toast Inc. (NYSE: TOST).

The analyst comments "At the companys analyst day in New York, TOST highlighted what it sees as a massive opportunity ahead of the... More

Evercore ISI Reiterates Outperform Rating on Toast Inc. (TOST)

May 30, 2024 5:14 AM EDT

Evercore ISI analyst Sheriq Sumar reiterated an Outperform rating and $32.00 price target on Toast Inc. (NYSE: TOST).

The analyst comments "Following TOSTs first investor day, we are incrementally more constructive on its ability to gain market share and drive significant EBITDA margin expansion. And while TOSTs medium term guide likely fell short of... More

Toast (TOST) Falls 10% with Investor Day Ongoing

May 29, 2024 10:04 AM EDT

(Updated - May 29, 2024 11:19 AM EDT)

Toast (NYSE: TOST) Falls 10% with Investor Day Ongoing

Toast will host an Investor Day for financial analysts and institutional investors on Wednesday, May 29, 2024 starting at 9:00 a.m. Eastern Time

Update:

The company updated... More