Truist Raises PT on Toast (TOST) Stock

Toast, Inc. (NYSE:TOST) is one of the 7 Best Stocks to Buy According to Abdiel Capital Advisors. On July 22, Truist upped the price target on the company’s stock to $50 from $48, while keeping a “Buy” rating, as reported by The Fly. Notably, the firm likes the setup for the FinTech sector as earnings in totality can be strong, with the group underperforming in recent times. Toast, Inc. (NYSE:TOST) highlighted that it continues to see robust momentum throughout both its core business and its new verticals in international, retail, and enterprise, including marquee wins in Applebee’s and Topgolf.

Toast, Inc. (NYSE:TOST) signed an agreement with Topgolf, which is a leader in modern golf entertainment that pairs a “no golf knowledge needed” experience with a full-service restaurant and bar. Notably, Topgolf will implement Toast Enterprise Solutions throughout its US venues. The 4 priorities have been laid out for the business: Scaling locations and market share in its core US restaurant business, demonstrating that its new markets could be significant growth drivers, increasing customer adoption of the broad platform and fueling differentiation via data and AI, and finally, holding a high bar and investing against the most important priorities while gradually enhancing the margins.

In Q1 2025, Toast, Inc. (NYSE:TOST)’s gross payment volume rose 22% YoY to $42.2 billion.

Toast, Inc. (NYSE:TOST) operates a cloud-based digital technology platform for the restaurant industry.

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Disclosure: None. This article is originally published at Insider Monkey.