Toast (TOST) Stock Forecast, Price Target & Predictions

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TOST Stock Forecast

Toast stock forecast is as follows: an average price target of $27.63 (represents a -34.99% downside from TOST’s last price of $42.50) and a rating consensus of 'Hold', based on 20 wall street analysts offering a 1-year stock forecast.

TOST Price Target

The average price target for Toast (TOST) is $27.63 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $17.00. This represents a potential -34.99% downside from TOST's last price of $42.50.

TOST Analyst Ratings

Hold

According to 20 Wall Street analysts, Toast's rating consensus is 'Hold'. The analyst rating breakdown for TOST stock is 0 'Strong Buy' (0.00%), 9 'Buy' (45.00%), 11 'Hold' (55.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Toast Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 29, 2024	Peter Heckmann	D.A. Davidson	$35.00	$30.12	16.20%	-17.65%
Oct 22, 2024	Josh Baer	Morgan Stanley	$33.00	$29.64	11.34%	-22.35%
Oct 14, 2024	David Koning	Robert W. Baird	$30.00	$28.34	5.86%	-29.41%
Jul 18, 2024	Dan Dolev	Mizuho Securities	$33.00	$26.51	24.48%	-22.35%
Jul 08, 2024	Peter Heckmann	D.A. Davidson	$32.00	$25.52	25.37%	-24.71%
May 30, 2024	Josh Baer	Morgan Stanley	$29.00	$23.61	22.83%	-31.76%
May 30, 2024	Mayank Tandon	Needham	$30.00	$23.63	26.96%	-29.41%
May 30, 2024	Daniel Perlin	RBC Capital	$27.00	$23.63	14.26%	-36.47%
May 30, 2024	Will Nance	Goldman Sachs	$29.00	$23.63	22.73%	-31.76%
May 30, 2024	Bryan Keane	Deutsche Bank	$24.00	$23.63	1.57%	-43.53%

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The latest Toast stock forecast, released on Oct 29, 2024 by Peter Heckmann from D.A. Davidson, set a price target of $35.00, which represents a 16.20% increase from the stock price at the time of the forecast ($30.12), and a -17.65% decrease from TOST last price ($42.50).

Toast Price Target by Period

	1M	3M	12M
# Anlaysts	2	3	17
Avg Price Target	$34.00	$32.67	$28.06
Last Closing Price	$42.50	$42.50	$42.50
Upside/Downside	-20.00%	-23.13%	-33.98%

In the current month, the average price target of Toast stock is $34.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -20.00% decrease as opposed to Toast's last price of $42.50. This month's average price target is up 4.07% compared to last quarter, and up 21.17% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 06, 2024	Canaccord Genuity	Buy	Buy	Hold
Oct 22, 2024	Morgan Stanley	Overweight	Overweight	Hold
Oct 22, 2024	Bernstein	Market Perform	Market Perform	Hold
Oct 18, 2024	Stephens	Equal-Weight	Equal-Weight	Hold
Oct 14, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Sep 27, 2024	Cleveland Research	-	Buy	Initialise
Sep 12, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Sep 11, 2024	Goldman Sachs	Buy	Buy	Hold
Aug 07, 2024	Wedbush	Market Perform	Market Perform	Hold
Aug 07, 2024	Stephens	Underperform	Underperform	Hold

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Toast's last stock rating was published by Canaccord Genuity on Nov 06, 2024. The company gave TOST a "Buy" rating, the same as its previous rate.

Toast Financial Forecast

Toast Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.04B	$1.03B	$978.00M	$819.00M	$769.00M	$752.00M	$675.00M	$535.00M	$512.00M	$486.38M
Avg Forecast	$2.49B	$2.53B	$2.43B	$2.11B	$2.17B	$2.21B	$2.12B	$1.84B	$1.89B	$1.90B	$1.85B	$1.62B	$1.60B	$1.59B	$1.53B	$1.35B	$1.31B	$1.29B	$1.22B	$1.04B	$1.02B	$1.03B	$943.06M	$763.95M	$752.73M	$720.35M	$651.28M	$488.00M	$487.57M	$433.62M
High Forecast	$2.55B	$2.59B	$2.49B	$2.16B	$2.22B	$2.26B	$2.17B	$1.88B	$1.93B	$1.95B	$1.89B	$1.66B	$1.63B	$1.63B	$1.57B	$1.38B	$1.33B	$1.29B	$1.22B	$1.04B	$1.03B	$1.05B	$965.55M	$782.17M	$770.69M	$720.35M	$651.28M	$488.00M	$487.57M	$433.62M
Low Forecast	$2.43B	$2.47B	$2.38B	$2.06B	$2.12B	$2.16B	$2.07B	$1.80B	$1.84B	$1.86B	$1.80B	$1.58B	$1.56B	$1.55B	$1.50B	$1.32B	$1.30B	$1.29B	$1.22B	$1.04B	$993.83M	$1.02B	$921.01M	$746.08M	$735.13M	$720.35M	$651.28M	$488.00M	$487.57M	$433.62M
# Analysts	5	5	5	5	6	6	6	6	9	9	9	9	5	5	5	12	14	9	3	3	6	15	9	9	13	13	13	13	7	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1.00%	1.04%	1.07%	1.02%	1.04%	1.04%	1.10%	1.05%	1.12%

Toast's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.04B, with a low forecast of $1.04B, and a high forecast of $1.04B. TOST's average Quarter revenue forecast represents a 0.74% increase compared to the company's last Quarter revenue of $1.04B (Dec 23).

Toast EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	5	5	5	5	6	6	6	6	9	9	9	9	5	5	5	12	14	9	3	3	6	15	9	9	13	13	13	13	7	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-46.00M	$-59.00M	$-46.00M	$-89.00M	$-86.00M	$-58.00M	$-137.00M	$-96.00M	$8.00M	$-245.45M
Avg Forecast	$-438.57M	$-446.68M	$-429.22M	$-371.73M	$-383.20M	$-390.07M	$-374.56M	$-324.12M	$-333.10M	$-335.34M	$-325.56M	$-285.23M	$-281.44M	$-280.59M	$-270.30M	$-237.27M	$-231.18M	$-227.77M	$-215.34M	$-184.04M	$-179.45M	$-181.96M	$-166.30M	$-134.72M	$-132.74M	$-128.37M	$-116.06M	$-86.96M	$-86.89M	$-274.90M
High Forecast	$-428.31M	$-436.24M	$-419.19M	$-363.04M	$-374.24M	$-380.95M	$-365.80M	$-316.54M	$-325.31M	$-327.50M	$-317.95M	$-278.56M	$-274.86M	$-274.03M	$-263.97M	$-232.03M	$-229.42M	$-227.36M	$-215.34M	$-183.97M	$-175.26M	$-179.90M	$-162.41M	$-131.57M	$-129.64M	$-128.37M	$-116.06M	$-86.96M	$-86.89M	$-219.92M
Low Forecast	$-449.03M	$-457.33M	$-439.46M	$-380.60M	$-392.34M	$-399.38M	$-383.49M	$-331.85M	$-341.05M	$-343.34M	$-333.33M	$-292.03M	$-288.16M	$-287.28M	$-276.74M	$-242.50M	$-234.71M	$-228.19M	$-215.34M	$-184.12M	$-181.23M	$-185.55M	$-170.27M	$-137.93M	$-135.91M	$-128.37M	$-116.06M	$-86.96M	$-86.89M	$-329.88M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.26%	0.32%	0.28%	0.66%	0.65%	0.45%	1.18%	1.10%	-0.09%	0.89%

13 analysts predict TOST's average Quarter EBITDA for Mar 22 to be $-86.96M, with a high of $-86.96M and a low of $-86.96M. This is -1187.02% lower than Toast's previous annual EBITDA (Dec 21) of $8.00M.

Toast Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	5	5	5	5	6	6	6	6	9	9	9	9	5	5	5	12	14	9	3	3	6	15	9	9	13	13	13	13	7	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-36.00M	$-31.00M	$-98.00M	$-62.00M	$-99.00M	$-98.00M	$-9.00M	$55.00M	$2.00M	$-252.50M
Avg Forecast	$324.50M	$359.90M	$324.50M	$236.00M	$277.30M	$306.80M	$277.30M	$194.70M	$174.85M	$186.59M	$164.06M	$127.03M	$139.59M	$146.35M	$129.59M	$97.76M	$97.93M	$82.33M	$63.18M	$28.97M	$15.65M	$22.50M	$-4.29M	$-27.73M	$-28.91M	$-45.49M	$-67.73M	$-68.97M	$-72.39M	$-282.80M
High Forecast	$334.56M	$371.06M	$334.56M	$243.32M	$285.90M	$316.31M	$285.90M	$200.74M	$180.27M	$192.37M	$169.15M	$130.97M	$143.92M	$150.89M	$133.61M	$175.96M	$146.90M	$83.67M	$63.20M	$29.01M	$22.77M	$33.75M	$-4.16M	$-26.89M	$-28.03M	$-45.49M	$-67.73M	$-68.97M	$-72.39M	$-226.24M
Low Forecast	$314.64M	$348.96M	$314.64M	$228.83M	$268.87M	$297.47M	$268.87M	$188.78M	$169.53M	$180.92M	$159.08M	$123.16M	$135.35M	$141.90M	$125.65M	$39.10M	$32.64M	$80.99M	$63.15M	$28.94M	$7.11M	$18.00M	$-4.42M	$-28.59M	$-29.81M	$-45.49M	$-67.73M	$-68.97M	$-72.39M	$-339.36M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.30%	-1.38%	22.84%	2.24%	3.42%	2.15%	0.13%	-0.80%	-0.03%	0.89%

Toast's average Quarter net income forecast for Jun 22 is $-67.73M, with a range of $-67.73M to $-67.73M. TOST's average Quarter net income forecast represents a -223.15% decrease compared to the company's last Quarter net income of $55.00M (Mar 22).

Toast SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	5	5	5	5	6	6	6	6	9	9	9	9	5	5	5	12	14	9	3	3	6	15	9	9	13	13	13	13	7	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$186.00M	$198.00M	$196.00M	$181.00M	$178.00M	$162.00M	$145.00M	$128.00M	$139.00M	$97.25M
Avg Forecast	$630.50M	$642.16M	$617.06M	$534.41M	$550.89M	$560.78M	$538.47M	$465.96M	$478.87M	$482.09M	$468.04M	$410.05M	$404.61M	$403.38M	$388.58M	$341.10M	$332.35M	$327.45M	$309.57M	$264.58M	$257.99M	$261.59M	$239.08M	$193.67M	$190.83M	$181.87M	$164.44M	$123.21M	$123.10M	$108.93M
High Forecast	$645.53M	$657.47M	$631.78M	$547.16M	$564.03M	$574.15M	$551.31M	$477.08M	$490.29M	$493.59M	$479.20M	$419.83M	$414.26M	$413.00M	$397.85M	$348.63M	$337.42M	$328.04M	$309.57M	$264.69M	$260.54M	$266.75M	$244.78M	$198.29M	$195.38M	$181.87M	$164.44M	$123.21M	$123.10M	$130.71M
Low Forecast	$615.75M	$627.14M	$602.63M	$521.92M	$538.01M	$547.66M	$525.88M	$455.07M	$467.67M	$470.82M	$457.09M	$400.46M	$395.15M	$393.95M	$379.49M	$333.58M	$329.81M	$326.86M	$309.57M	$264.47M	$251.95M	$258.62M	$233.49M	$189.14M	$186.37M	$181.87M	$164.44M	$123.21M	$123.10M	$87.14M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72%	0.76%	0.82%	0.93%	0.93%	0.89%	0.88%	1.04%	1.13%	0.89%

Toast's average Quarter SG&A projection for Mar 24 is $264.58M, based on 3 Wall Street analysts, with a range of $264.47M to $264.69M. The forecast indicates a 42.25% rise compared to TOST last annual SG&A of $186.00M (Dec 23).

Toast EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	5	5	5	5	6	6	6	6	9	9	9	9	5	5	5	12	14	9	3	3	6	15	9	9	13	13	13	13	7	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.07	$-0.06	$-0.19	$-0.12	$-0.19	$-0.19	$-0.02	$0.11	-	$-1.05
Avg Forecast	$0.55	$0.61	$0.55	$0.40	$0.47	$0.52	$0.47	$0.33	$0.30	$0.32	$0.28	$0.22	$0.24	$0.25	$0.22	$0.17	$0.17	$0.14	$0.11	$0.05	$0.03	$0.04	$-0.01	$-0.05	$-0.05	$-0.08	$-0.12	$-0.12	$-0.12	$-0.27
High Forecast	$0.57	$0.63	$0.57	$0.41	$0.48	$0.54	$0.48	$0.34	$0.31	$0.33	$0.29	$0.22	$0.24	$0.26	$0.23	$0.30	$0.25	$0.14	$0.11	$0.05	$0.04	$0.06	$-0.01	$-0.05	$-0.05	$-0.08	$-0.12	$-0.12	$-0.12	$-0.27
Low Forecast	$0.53	$0.59	$0.53	$0.39	$0.46	$0.50	$0.46	$0.32	$0.29	$0.31	$0.27	$0.21	$0.23	$0.24	$0.21	$0.07	$0.06	$0.14	$0.11	$0.05	$0.01	$0.03	$-0.01	$-0.05	$-0.05	$-0.08	$-0.12	$-0.12	$-0.12	$-0.27
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.51%	-1.52%	26.12%	2.55%	3.88%	2.45%	0.15%	-0.94%	-0.03%	3.89%

According to 13 Wall Street analysts, Toast's projected average Quarter EPS for Jun 22 is $-0.12, with a low estimate of $-0.12 and a high estimate of $-0.12. This represents a -204.90% decrease compared to TOST previous annual EPS of $0.11 (Mar 22).

Toast Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
PATH	UiPath	$12.87	$25.43	97.59%	Hold
OKTA	Okta	$73.69	$116.97	58.73%	Hold
ADBE	Adobe	$499.50	$592.03	18.52%	Buy
ZS	Zscaler	$200.94	$233.41	16.16%	Buy
NET	Cloudflare	$96.47	$95.45	-1.06%	Hold
CRWD	CrowdStrike	$350.15	$321.14	-8.29%	Buy
NTNX	Nutanix	$69.44	$63.23	-8.94%	Buy
PANW	Palo Alto Networks	$392.89	$323.26	-17.72%	Buy
TOST	Toast	$42.50	$27.63	-34.99%	Hold
PLTR	Palantir	$62.12	$24.34	-60.82%	Hold

TOST Forecast FAQ

Is Toast a good buy?

No, according to 20 Wall Street analysts, Toast (TOST) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 45.00% of TOST's total ratings.

What is TOST's price target?

Toast (TOST) average price target is $27.63 with a range of $17 to $35, implying a -34.99% from its last price of $42.5. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Toast stock go up soon?

According to Wall Street analysts' prediction for TOST stock, the company can go down by -34.99% (from the last price of $42.5 to the average price target of $27.63), down by -17.65% based on the highest stock price target, and down by -60.00% based on the lowest stock price target.

Can Toast stock reach $60?

TOST's average twelve months analyst stock price target of $27.63 does not support the claim that Toast can reach $60 in the near future.

What is Toast's current price target trend?

2 Wall Street analysts forecast a $34 price target for Toast (TOST) this month, down -20.00% from its last price of $42.5. Compared to the last 3 and 12 months, the average price target decreased by -23.13% and decreased by -33.98%, respectively.

What are Toast's analysts' financial forecasts?

Toast's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $8.35B (high $8.55B, low $8.15B), average EBITDA is $-1.472B (high $-1.438B, low $-1.507B), average net income is $1.06B (high $1.09B, low $1.02B), average SG&A $2.12B (high $2.17B, low $2.07B), and average EPS is $1.79 (high $1.85, low $1.74). TOST's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $9.56B (high $9.79B, low $9.34B), average EBITDA is $-1.686B (high $-1.647B, low $-1.726B), average net income is $1.24B (high $1.28B, low $1.21B), average SG&A $2.42B (high $2.48B, low $2.37B), and average EPS is $2.11 (high $2.18, low $2.05).

Did the TOST's actual financial results beat the analysts' financial forecasts?

Based on Toast's last annual report (Dec 2023), the company's revenue was $3.86B, beating the average analysts forecast of $3.76B by 2.89%. Apple's EBITDA was $-240M, missing the average prediction of $-662M by -63.77%. The company's net income was $-246M, missing the average estimation of $6.13M by -4111.44%. Apple's SG&A was $743M, missing the average forecast of $952.33M by -21.98%. Lastly, the company's EPS was $-0.46, missing the average prediction of $0.0104 by -4525.63%. In terms of the last quarterly report (Dec 2023), Toast's revenue was $1.04B, beating the average analysts' forecast of $1.02B by 1.81%. The company's EBITDA was $-46M, missing the average prediction of $-179M by -74.37%. Toast's net income was $-36M, missing the average estimation of $15.65M by -330.00%. The company's SG&A was $186M, missing the average forecast of $257.99M by -27.90%. Lastly, the company's EPS was $-0.0665, missing the average prediction of $0.0265 by -350.67%