DA Davidson Reiterates Neutral Rating on Toast Inc. (TOST)

DA Davidson analyst Peter Heckmann reiterated a Neutral rating and $42.00 price target on Toast Inc. (NYSE: TOST).

The analyst commented, "Toast reported strong 3Q results with Non-GAAP FinTech & Subscription gross profit 4% above our forecast and adjusted EBITDA 20% above our forecast. With results, management raised the midpoint of their prior 2025 Non-GAAP FinTech & Subscription gross profit range by 2.5% and the midpoint of the adjusted EBITDA range by 7%. Guidance now includes 64%-66% Y/Y growth in adjusted EBITDA to $610M-$620M. Management planned to hold a conference call this afternoon at 5pm ET to provide additional details on the quarter and the outlook. We plan to update our forecasts in the near future."

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 $35.64 yesterday.

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