TOST

Toast Inc

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Advanced Chart

35.720

-0.42(-1.162%)1D

Line

Candle

YTD

High

36.980

Open

36.360

VWAP

35.77

Vol

11.84M

Mkt Cap

20.82B

Low

35.380

Amount

423.65M

EV/EBITDA(TTM)

75.08

Total Shares

555.16M

19.37B

EV/OCF(TTM)

34.72

P/S(TTM)

4.08

Toast, Inc. is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. It provides a platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Its products include point-of-sale (POS) & restaurant operations, marketing, online ordering & delivery, team management, vendor management, retail, and financial technology solutions. Its in-store POS and restaurant operations offerings are built to help reduce time to take an order, optimize operations, and handle payments. Its marketing products provide integrated solutions to deliver targeted email and SMS campaigns, build loyalty programs, offer gift cards, and others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

1.62B

+21.08%

0.265

+34.59%

1.60B

+19.59%

0.220

+22.22%

1.58B

+21.29%

0.232

+32.95%

Estimates Revision

The market is revising Upward the revenue expectations for Toast, Inc. (TOST) for FY2025, with the revenue forecasts being adjusted by 1.01% over the past three months. During the same period, the stock price has changed by -27.55%.

Revenue Estimates for FY2025

Revise Upward

+1.01%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.26%

In Past 3 Month

Stock Price

Go Down

-27.55%

In Past 3 Month

18 Analyst Rating

Wall Street analysts forecast TOST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TOST is 48.94 USD with a low forecast of 36.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

11 Buy

7 Hold

0 Sell

Moderate Buy

Current: 35.720

Low

36.00

Averages

48.94

High

60.00

Current: 35.720

Low

36.00

Averages

48.94

High

60.00

Truist

Matthew Coad

Buy

downgrade

$51 -> $47

2025-10-24

Reason

Truist

Matthew Coad

Price Target

$51 -> $47

2025-10-24

downgrade

Buy

Reason

Truist analyst Matthew Coad lowered the firm's price target on Toast to $47 from $51 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 earnings in Payments/FinTech. Overall, Q3 results should be strong as consumer spending has held up well, but the firm also fears that Q4 guidance for certain firms may come in worse than the Street expectations due to tougher comps in Q4 following the strong holiday spending season last year, the analyst tells investors in a research note. Investors should continue to be selective when allocating to the payments/FinTech space, Truist added.

Citi

NULL

Buy

initiated

$51

2025-10-22

Reason

Citi

Price Target

$51

2025-10-22

initiated

NULL

Buy

Reason

Citi initiated coverage of Toast with a Buy rating and $51 price target. Despite "material market share advances" over the past number of years, the firm sees "plenty of sustainable growth left" for Toast to have 20%-plus growth rates going forward, the analyst tells investors. The firm also think that the fintech take rate should be able to rise due to strong pricing power, which should flow to margins.

Wells Fargo

Overweight

initiated

$47

2025-10-21

Reason

Wells Fargo

Price Target

$47

2025-10-21

initiated

Overweight

Reason

Wells Fargo initiated coverage of Toast with an Overweight rating and $47 price target. The analyst, who started coverage on 20 stocks in the Payments, Processors & IT Services sector, dubs the firm's five Overweight-rated payments stocks the "Fab 5 of Fintech." The Payments space has suffered from rotation to AI-centric stocks, as well as multiple instances of subpar execution by various companies, but the firm thinks "too many stocks have been painted with the same brush," the analyst tells investors.

Freedom Capital

NULL -> Buy

initiated

$45

2025-10-15

Reason

Freedom Capital

Price Target

$45

2025-10-15

initiated

NULL -> Buy

Reason

Freedom Capital initiated coverage of Toast with a Buy rating and $45 price target. The company has made meaningful inroads penetrating the U.S. restaurant vertical with its purpose-built modern, cloud-based offering, and the firm sees multiple growth catalysts on the horizon, including incremental share gains remaining in core U.S. SMB, significant total addressable market expansion opportunity from newer business segments - enterprise, food and beverage retail - and international, which should drive sustained growth in key metrics, the analyst tells investors in a research note.

Keefe Bruyette

Sanjay Sakhrani

Market Perform

downgrade

$50 -> $42

2025-10-01

Reason

Keefe Bruyette

Sanjay Sakhrani

Price Target

$50 -> $42

2025-10-01

downgrade

Market Perform

Reason

Keefe Bruyette analyst Sanjay Sakhrani lowered the firm's price target on Toast to $42 from $50 and keeps a Market Perform rating on the shares.

Baird

David Koning

Neutral

maintain

$48

2025-09-22

Reason

Baird

David Koning

Price Target

$48

2025-09-22

maintain

Neutral

Reason

Baird analyst David Koning tells investors in a research note that the firm found several changes on Toast's Starter Kit pricing website, and that it believes the kits are targeting smaller restaurants, fitting the industry narrative of pricing competition to win more merchants. The firm, which has a Neutral rating and $48 price target on the shares, says Toast reduced prices on their monthly software fees on the starter kits.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Toast Inc (TOST.N) is 34.70, compared to its 5-year average forward P/E of -190.22. For a more detailed relative valuation and DCF analysis to assess Toast Inc 's fair value, click here.

Forward PE
Forward EV/EBITDA
Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-190.22

Current PE

34.70

Overvalued PE

470.57

Undervalued PE

-851.01

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

32.16

Current EV/EBITDA

29.08

Overvalued EV/EBITDA

153.08

Undervalued EV/EBITDA

-88.76

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

3.67

Current PS

36.14

Overvalued PS

6.53

Undervalued PS

0.80