15 Stocks That Will Benefit From AI

6. Toast, Inc. (NYSE:TOST)

EPS Next Year: 60.25%

Number of Hedge Fund Holders: 64

Toast, Inc. (NYSE:TOST) is one of the 15 Stocks That Will Benefit From AI.

Citing robust second-quarter earnings momentum, Truist Securities raised its price target on Toast, Inc. (NYSE:TOST) from $50 to $51 on August 13, 2025, and reaffirmed its Buy rating. Despite impending short-term margin headwinds, the company emphasized projections for greater recurring gross profit growth over the next few years.

Due to Toast, Inc. (NYSE:TOST)’s plan to increase its spending on distribution in the second half of 2025, Truist marginally reduced its adjusted EBITDA projections for 2025 and 2026. Additionally, the investment firm assumes that possible tariffs could raise average hardware costs by 15% in 2026.

Analysts stressed that these challenges should be overcome by recurring revenue strength, as the new target implies a 49x multiple on 2026 free cash flow and confidence in long-term growth.

With its point-of-sale, operations, payroll, supply chain, and fintech solutions, Toast, Inc. (NYSE:TOST) provides a cloud-based platform for restaurants all over the world, assisting companies in improving efficiency and streamlining management for both online and in-person dining experiences. It is on our list of the Best AI Stocks.