Toast (NYSE:TOST) Shares Up 9.3% – Should You Buy?

Posted by Francis Steltz on Nov 4th, 2026

Toast, Inc. (NYSE:TOST – Get Free Report) shares traded up 9.3% on Monday. The company traded as high as $34.41 and last traded at $34.6210. 2,962,387 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 10,795,650 shares. The stock had previously closed at $31.68.

Key Toast News

Here are the key news stories impacting Toast this week:

Positive Sentiment: Toast raised its 2026 adjusted EBITDA forecast to $840 million–$850 million and is targeting 26% growth in recurring gross profit. The stronger outlook may reassure investors about profitability and recurring growth. Article: Toast raises full-year 2026 adjusted EBITDA outlook
Positive Sentiment: Third-quarter revenue was $1.98 billion, slightly above the $1.97 billion consensus estimate and up 21.3% year over year, indicating continued business growth. Article: Toast Announces Third Quarter 2026 Financial Results
Neutral Sentiment: Coverage differed on adjusted earnings: some reports described a miss, while Zacks said Toast’s $0.37 per share matched its consensus estimate. That conflicting read may make the earnings signal less clear to investors. Article: Toast matches Q3 earnings estimates
Negative Sentiment: Some reports said quarterly EPS fell short of expectations, ending a seven-quarter streak of beating estimates. The CFO’s announced departure adds uncertainty and may help explain the initial negative reaction to the results. Article: Toast stock dips despite Q3 beat, guidance above estimates as CFO announces exit

Analyst Ratings Changes

TOST has been the topic of several recent research reports. Robert W. Baird increased their target price on shares of Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Royal Bank Of Canada boosted their price target on shares of Toast from $36.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, August 31st. The Goldman Sachs Group raised shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, July 9th. Sanford C. Bernstein upped their price target on shares of Toast from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Barclays raised their price objective on Toast from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Check Out Our Latest Research Report on TOST

Toast Stock Up 2.3%

The stock’s fifty day moving average price is $31.93 and its two-hundred day moving average price is $29.38. The company has a market capitalization of $17.63 billion, a PE ratio of 44.34 and a beta of 1.74.

Toast (NYSE:TOST – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. On average, equities research analysts forecast that Toast, Inc. will post 1.00 EPS for the current year.

Insider Transactions at Toast

In other news, CEO Aman Narang sold 14,713 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $29.35, for a total transaction of $431,826.55. Following the transaction, the chief executive officer directly owned 86,543 shares of the company’s stock, valued at approximately $2,540,037.05. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Vassil sold 7,623 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.19, for a total value of $230,138.37. Following the transaction, the executive directly owned 77,424 shares in the company, valued at $2,337,430.56. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 375,132 shares of company stock worth $12,961,699. Corporate insiders own 10.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC grew its stake in shares of Toast by 4.4% in the third quarter. Hohimer Wealth Management LLC now owns 32,136 shares of the company’s stock worth $932,000 after acquiring an additional 1,356 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Toast by 447.2% during the third quarter. Candriam S.C.A. now owns 272,659 shares of the company’s stock valued at $7,933,000 after acquiring an additional 222,834 shares in the last quarter. Ethic Inc. purchased a new position in shares of Toast in the 3rd quarter worth about $246,000. Pictet Asset Management Holding SA raised its position in shares of Toast by 2.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 175,050 shares of the company’s stock worth $5,075,000 after purchasing an additional 3,653 shares during the last quarter. Finally, Investment Management Corp VA ADV raised its position in shares of Toast by 10.1% in the 3rd quarter. Investment Management Corp VA ADV now owns 16,286 shares of the company’s stock worth $472,000 after purchasing an additional 1,499 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Company Profile

(Get Free Report)

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.