Truist Maintains Buy Rating on Toast (TOST)

Toast, Inc. (NYSE:TOST) is one of the

10 Best Low Leverage Stocks to Buy.

On May 12, 2026, Truist lowered the firm’s price target on Toast, Inc. (NYSE:TOST) to $30 from $36 while maintaining a Buy rating on the shares. The firm updated its model following the company’s Q1 results, noting that its recurring gross profit estimates were modestly reduced for the coming quarters due to a more conservative outlook for net location additions.

Meanwhile, Oppenheimer analyst Rayna Kumar lowered the firm’s price target on Toast, Inc. (NYSE:TOST) to $36 from $39 while maintaining an Outperform rating on the shares. The firm said Toast delivered a solid quarter, with both revenue and adjusted EBITDA exceeding expectations. Oppenheimer also noted that net location additions came in ahead of forecasts and management raised its FY26 guidance, reinforcing confidence in the company’s longer-term outlook and continued market share gains.

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On May 7, 2026, Toast, Inc. (NYSE:TOST) reported Q1 EPS of 20c, versus the consensus estimate of 15c. Revenue totaled $1.63B, in line with the consensus estimate. CEO Aman Narang said the company began 2026 with strong momentum, highlighted by 27% growth in recurring gross profit, expansion in GAAP operating income margin to 21%, and the addition of approximately 7,000 net locations during the quarter. Narang also said AI is helping Toast accelerate product development and improve customer outcomes, pointing to the launch of Toast IQ Grow, which includes the company’s first AI agent designed to help restaurants improve their digital presence and drive demand.

Toast, Inc. (NYSE:TOST) operates a cloud-based digital technology platform serving the restaurant industry across the United States and international markets.

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