Toast, Inc. operates a cloud-based technology platform for the restaurant industry in the United States and Ireland. It offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader that supports NFC, EMV, and MSR payments. The company also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF by Toast, a restaurant-specific invoice management software; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, it offers Toast Online Ordering & Toast TakeOut app, a software that connects online channels, point of sale, menu management, and kitchen operations in real-time; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, the company provides loyalty programs and branded gifts; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.
IPO Year: 2021
Exchange: NYSE
Website: pos.toasttab.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/20/2024 | $49.00 | Buy | Compass Point |
11/20/2024 | $37.00 | Outperform → Neutral | Exane BNP Paribas |
9/27/2024 | $33.00 | Buy | Cleveland Research |
7/18/2024 | $21.00 → $33.00 | Neutral → Outperform | Mizuho |
5/24/2024 | $30.00 | Outperform | Wedbush |
5/21/2024 | $28.00 | Outperform → Neutral | Robert W. Baird |
4/9/2024 | $25.00 | Mkt Perform | Keefe Bruyette |
3/7/2024 | $30.00 | Neutral → Outperform | Exane BNP Paribas |
3/4/2024 | $32.00 | Outperform | Evercore ISI |
2/7/2024 | $28.00 | Neutral → Buy | Redburn Atlantic |
Compass Point initiated coverage of Toast with a rating of Buy and set a new price target of $49.00
Exane BNP Paribas downgraded Toast from Outperform to Neutral and set a new price target of $37.00
Cleveland Research initiated coverage of Toast with a rating of Buy and set a new price target of $33.00
Mizuho upgraded Toast from Neutral to Outperform and set a new price target of $33.00 from $21.00 previously
Wedbush initiated coverage of Toast with a rating of Outperform and set a new price target of $30.00
Robert W. Baird downgraded Toast from Outperform to Neutral and set a new price target of $28.00
Keefe Bruyette initiated coverage of Toast with a rating of Mkt Perform and set a new price target of $25.00
Exane BNP Paribas upgraded Toast from Neutral to Outperform and set a new price target of $30.00
Evercore ISI initiated coverage of Toast with a rating of Outperform and set a new price target of $32.00
Redburn Atlantic upgraded Toast from Neutral to Buy and set a new price target of $28.00
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Social Commerce Platform Appoints Two New Vice Presidents, Signaling Commitment to Expansion and Innovation in Influencer Marketing Landscape CHICAGO, June 25, 2024 /PRNewswire/ -- Mavely, the Everyday Influencer Platform® unlocking performance-based social commerce for the world's favorite brands, today announced two new executive hires who will be instrumental in supporting the brand's accelerated growth and commitment to strengthening leadership. Usaid Khan will serve as Mavely's Vice President of Business Development, and Kevin White as the Vice President of Strategic Finance.
Aman Narang, Co-Founder and COO, to become CEO effective January 1, 2024 Current CEO Chris Comparato to remain on Board upon Narang's appointment Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today announced the appointment of Aman Narang as CEO, effective January 1, 2024. Narang has served as Toast's Co-President since December 2012 and Chief Operating Officer since June 2021. He will take over as CEO from Chris Comparato, who has served as the company's CEO since February 2015, leading Toast through a remarkable period of growth with a focus on profitability and operational excellence. Both Comparato and Narang will remain on the Board. Since c
Toast (NYSE:TOST), the all-in-one digital platform built for restaurants, today announced the appointment of Jennifer DiRico as General Manager and Head of International. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220329005163/en/Jennifer DiRico, General Manager and Head of International (Photo: Business Wire) Jennifer has spent the last six years in leadership roles at Toast, with significant experience building and scaling the company in the U.S. She has broad experience in senior finance and global operational roles, including time spent in local markets within Europe helping restaurants expand their footprint. Jennifer is
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Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today announced its management team will present at the UBS Global Technology Conference in Scottsdale, AZ on Wednesday, December 4, 2024 at 8:55 a.m. MST. A webcast of the company presentation will be available on Toast's Investor Relations website at https://investors.toasttab.com/overview/. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their busin
Added approximately 7,000 net new Locations in third quarter 2024 Annualized recurring run-rate (ARR) as of September 30, 2024 grew 28% to $1.6 billion Net income was $56 million and Adjusted EBITDA was $113 million in third quarter Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the third quarter ended September 30, 2024. "Toast delivered a strong third quarter, adding approximately 7,000 net new locations, growing our recurring gross profit streams1 35%, and achieving Adjusted EBITDA of $113 million. We are well positioned to finish out the year strong and carry this momentum into 2025. Our differentiated vertic
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, will release financial results for the third quarter ended September 30, 2024 following the close of the U.S. markets on Thursday, November 7, 2024. Toast will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website: https://investors.toasttab.com. A replay of the conference call will also be available on Toast's investor relations website. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-one digital technology platform purpose-built for
Toast Fall Product Release includes new Branded Mobile App, SMS Marketing, and over a dozen new features designed to help restaurants grow their business and keep guests coming back Toast (NYSE:TOST), the all-in-one technology platform built for restaurants, today announced its Fall Product Release with new mobile features designed to help restaurants unlock new revenue streams, boost their brand presence, and deepen the connection to their guests. Highlights include a Branded Mobile App and SMS Marketing to drive diner engagement on mobile devices. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008174260/en/Toast Branded Mob
The Q2 2024 Restaurant Trends report examines popular lunch food trends, quick-service restaurant transactions in 20 U.S. cities, restaurant employee wages, and tipping data. Toast (NYSE:TOST), the all-in-one digital platform built for restaurants, today announced its Q2 2024 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated data from selected cohorts of restaurants and in select U.S. cities on the Toast platform, which serves approximately 120,000 restaurant locations as of June 30, 2024. Read more details about our methodology below. Key takeaways: In Q2 2024, guests at quick-service restaurants (QSRs)
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today announced its management team will present at the Goldman Sachs Communacopia & Technology Conference in San Francisco, CA on Wednesday, September 11, 2024 at 10:50 a.m. PDT. A webcast of the company presentation will be available on Toast's Investor Relations website at https://investors.toasttab.com/overview/. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they
Added approximately 8,000 net new Locations in second quarter 2024 Annualized recurring run-rate (ARR) as of June 30, 2024 grew 29% to $1.5 billion Achieved GAAP operating income of $5 million in second quarter Net income was $14 million and Adjusted EBITDA was $92 million in second quarter Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the second quarter ended June 30, 2024. "Our team executed incredibly well in the second quarter and delivered strong results, including adding a record number of net locations and achieving GAAP profitability ahead of expectations. We are sustaining growth at scale while ex
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, will release financial results for the second quarter ended June 30, 2024 following the close of the U.S. markets on Tuesday, August 6, 2024. Toast will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website: https://investors.toasttab.com. A replay of the conference call will also be available on Toast's investor relations website. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-one digital technology platform purpose-built for the
Social Commerce Platform Appoints Two New Vice Presidents, Signaling Commitment to Expansion and Innovation in Influencer Marketing Landscape CHICAGO, June 25, 2024 /PRNewswire/ -- Mavely, the Everyday Influencer Platform® unlocking performance-based social commerce for the world's favorite brands, today announced two new executive hires who will be instrumental in supporting the brand's accelerated growth and commitment to strengthening leadership. Usaid Khan will serve as Mavely's Vice President of Business Development, and Kevin White as the Vice President of Strategic Finance.
Philadelphia, Pennsylvania, June 25, 2024 (GLOBE NEWSWIRE) -- A recent survey conducted by FreedomPay, a global leader in Next Level Commerce™ solutions, in collaboration with Toast, a leading cloud-based restaurant management software company, has unveiled crucial insights into the top priorities for enterprise hospitality leaders. The findings emphasize the importance of data security, system integration, and growth enablement in shaping merchant preferences and trust in payment solutions and point-of-sale (POS) providers. Key Insights from the Survey: 53% of merchants face challenges in deciding where to allocate their technology budgets, highlighting the demand for integrated solut
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio? Warner Bros. Discovery, Inc. (NASDAQ:WBD) stock escalated 18.28% after a report that the company had discussed plans to split its digital streaming and studio businesses from its legacy television networks. MicroStrategy Inc.’s (NASDAQ:MSTR) stock gained 16.74% last week amid a rise in Bitcoin’s price. D.R. Horton, Inc. (NYSE:DHI) shares surged 12.91% after the company reported better-than-expected Q3 financial results and revised FY24 guidance. The company also authorized a new $4 billion share repurchase. Few analysts raised the price forecasts on the stock. Coinbase Global Inc.’s
In the last three months, 14 analysts have published ratings on Toast (NYSE:TOST), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 7 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 3 0 0 3M Ago 2 0 4 1 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $27.21, a high estimate of $33.00, and a low estimate of $19.00. This upward trend is apparent, with the current avera
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. TD Cowen analyst Shaul Eyal upgraded the rating for Fortinet, Inc. (NASDAQ:FTNT) from Hold to Buy and announced a price target of $75. Fortinet shares fell 0.6% to settle at $59.11 on Wednesday. See how other analysts view this stock. See how other analysts view this stock. Mizuho analyst Dan Dolev upgraded Toast, Inc. (NYSE:TOST) from Neutral to Outperform, while raising the price target from $21 to $33. Toast shares fell 2.5% to close at $26.62 on Wednesday. See how other analysts vi
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird boosted the price target for e.l.f. Beauty, Inc. (NYSE:ELF) from $210 to $230. Baird analyst Joel Beatty upgraded the stock from Neutral to Outperform. e.l.f. Beauty shares declined 9.7% to close at $170.70 on Wednesday. See how other analysts view this stock. B of A Securities increased the price target for Synchrony Financial (NYSE:SYF) from $51 to $56. B of A Securities analyst Mihir Bhatia maintained a Neutral rating Synchrony Financial shares gained 1% to close at $52.22 on Wednesday. Se
Toast (NYSE:TOST) underwent analysis by 14 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 7 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 3 0 0 3M Ago 2 0 4 1 0 Analysts have set 12-month price targets for Toast, revealing an average target of $27.21, a high estimate of $33.00, and a low estimate of $19.00. This upward trend is apparent, with the current average reflecting a 13.0% in
Mizuho analyst Dan Dolev upgrades Toast (NYSE:TOST) from Neutral to Outperform and raises the price target from $21 to $33.
Toast's (NYSE:TOST) short percent of float has risen 16.18% since its last report. The company recently reported that it has 31.89 million shares sold short, which is 7.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.14 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Fortinet, Inc. (NASDAQ:FTNT) is not his favorite. He added that we own Palo Alto Networks, Inc. (NASDAQ:PANW) for the charitable trust. On July 11, Barclays analyst Saket Kalia maintained Fortinet with an Equal-Weight and lowered the price target from $75 to $70. When asked about Air Products and Chemicals, Inc. (NYSE:APD), Cramer said Linde plc (NASDAQ:LIN) is a “much better run company, and that's why Air Products isn't doing as well, and Linde's doing spectacularly.” On July 16, Air Products named Eric Guter as vice president of Investor Relations effective Sept. 30 succeeding Sidd Manjeshwar. Sarepta Therapeutics, Inc. (N
These large-cap stocks were the best performers in the last week. Are they in your portfolio? Sarepta Therapeutics, Inc. (NASDAQ:SRPT) shares increased 29.50% after the company announced FDA approval of an expansion to the labeled indication for ELEVIDYS to include individuals with Duchenne muscular dystrophy with a confirmed mutation in the DMD gene who are at least 4 years of age. Also, multiple firms raised their respective price targets on the stock. Sirius XM Holdings Inc. (NASDAQ:SIRI) shares gained 16.73% in the last week. Toast, Inc. (NYSE:TOST) shares upped 15.57% in the last week. Gilead Sciences, Inc. (NASDAQ:GILD) shares were up 12.62% on continued strength following
Added approximately 7,000 net new Locations in third quarter 2024 Annualized recurring run-rate (ARR) as of September 30, 2024 grew 28% to $1.6 billion Net income was $56 million and Adjusted EBITDA was $113 million in third quarter Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the third quarter ended September 30, 2024. "Toast delivered a strong third quarter, adding approximately 7,000 net new locations, growing our recurring gross profit streams1 35%, and achieving Adjusted EBITDA of $113 million. We are well positioned to finish out the year strong and carry this momentum into 2025. Our differentiated vertic
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, will release financial results for the third quarter ended September 30, 2024 following the close of the U.S. markets on Thursday, November 7, 2024. Toast will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website: https://investors.toasttab.com. A replay of the conference call will also be available on Toast's investor relations website. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-one digital technology platform purpose-built for
Added approximately 8,000 net new Locations in second quarter 2024 Annualized recurring run-rate (ARR) as of June 30, 2024 grew 29% to $1.5 billion Achieved GAAP operating income of $5 million in second quarter Net income was $14 million and Adjusted EBITDA was $92 million in second quarter Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the second quarter ended June 30, 2024. "Our team executed incredibly well in the second quarter and delivered strong results, including adding a record number of net locations and achieving GAAP profitability ahead of expectations. We are sustaining growth at scale while ex
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, will release financial results for the second quarter ended June 30, 2024 following the close of the U.S. markets on Tuesday, August 6, 2024. Toast will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website: https://investors.toasttab.com. A replay of the conference call will also be available on Toast's investor relations website. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-one digital technology platform purpose-built for the
Added over 6,000 net new Locations in first quarter 2024 Annualized recurring run-rate (ARR) as of March 31, 2024 grew 32% to $1.3 billion First quarter net loss was $(83) million and Adjusted EBITDA was $57 million Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the first quarter ended March 31, 2024. "Toast is off to a strong start in 2024. Our first quarter results demonstrate strong topline growth and margin expansion that we will continue to build on throughout the year. We executed well against our priorities: scaling restaurant locations; driving ARR by delivering products customers love; continuing to
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, will release financial results for the first quarter ended March 31, 2024 following the close of the U.S. markets on Tuesday May 7, 2024. Toast will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website: https://investors.toasttab.com. A replay of the conference call will also be available on Toast's investor relations website. 2024 Investor Day Toast will host an Investor Day for financial analysts and institutional investors on Wednesday
Ended 2023 with approximately 106,000 Locations; added over 6,500 net new Locations in fourth quarter Annualized recurring run-rate (ARR) as of December 31, 2023 increased 35% to over $1.2 billion Toast's Board of Directors authorized a share repurchase program Anticipate GAAP Operating Income profit by first half 2025 Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the fourth quarter and full year ended December 31, 2023. Financial Highlights for the Fourth Quarter of 2023 ARR as of December 31, 2023 was $1.2 billion, up 35% year over year. Gross Payment Volume (GPV) increased 32% year over year to $3
Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2023 following the close of the U.S. markets on February 15, 2024. Toast will host a conference call at 5:00 p.m. Eastern Time on Thursday, February 15, 2024 to discuss the results. The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website: https://investors.toasttab.com. A replay of the conference call will also be available on Toast's investor relations website. About Toast Toast (NYSE:TOST) is a cloud-based, all-in-
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
Added over 6,500 net new locations in third quarter 2023 Annualized recurring run-rate (ARR) as of September 30, 2023 grew 40% year-over-year Third quarter net loss was $(31) million and Adjusted EBITDA was $35 million Toast (NYSE:TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the third quarter ended September 30, 2023. "Toast delivered solid results in the third quarter. ARR grew 40% to over $1.2 billion with our consistent go-to-market execution driving strong net location additions combined with continued ARPU growth. Our focus on balancing durable top line growth with efficiency led to our seventh consecutive quarter