Analysts Turn Bullish on Toast (TOST)

Toast, Inc. (NYSE:TOST) is one of the 14 Most Promising Fintech Stocks to Invest In. On December 4, UBS reiterated its Buy rating on Toast, Inc. (NYSE:TOST) with a price target of $50.

On December 4, JPMorgan also upgraded its rating on Toast, Inc. (NYSE:TOST) to Overweight. JPMorgan believes 2026 will mark a fresh start for payments and fintech stocks. The firm noted that 2025 was the sector’s worst year in 15 years, aside from the COVID surprise. JPMorgan pointed out that slow growth and worries of “commoditization and uncertain ROI” hurt sentiment in 2025 and that it is “happy to flush 2025.”

The research firm says that it is “going back to basics” for 2026 with a focus on companies with pricing power, solid margins, and strong front-book momentum. JPMorgan analyst Tien-tsin Huang noted that Toast, Inc. (NYSE:TOST) is one of the names that scores best under this framework. The firm said it has “been eagerly waiting for the right time to take a seat at the Toast table.” JPMorgan highlighted the stock’s year-to-date decline, even as estimates rose 27%.

JPmorgan expects Toast, Inc. (NYSE:TOST) to sustain “top decile growth” as a leader in software-led payments. The firm pointed to its rule of 54% for 2026.

Earlier on December 1, BNP Paribas Exane had also upgraded Toast, Inc. (NYSE:TOST) from Neutral to Outperform and kept the price target at $40.

Toast, Inc. (NYSE:TOST) is an American company that offers financial technology solutions and restaurant management software. It provides a cloud-based, all-in-one digital technology platform designed for the restaurant industry, offering software and financial technology solutions that help restaurants across point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management.

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