Bloodbath on the Street: These 10 Stocks Crashed Hard

8. Toast, Inc. (NYSE:TOST)

Toast Inc. fell by 7.10 percent on Wednesday to finish at $41.50 apiece, tracking a broader market pessimism and shunning an investment firm’s bullish outlook on its stock.

On Wednesday, UBS maintained its “buy” recommendation and $47 price target for Toast, Inc. (NYSE:TOST) amid expectations of strong SaaS annual recurring revenues (ARR).

UBS underscored that ARR remains the most important metric for investors, especially as it continues to record a compounding growth rate of at least 30 percent.

In the first quarter of the year, Toast, Inc. (NYSE:TOST) achieved a net income of $56 million, reversing a $83 million net loss in the same period last year.

Revenues were higher by 24 percent to $1.3 billion from $1.07 billion year-on-year, primarily driven by its financial technology solutions and subscription services.

For the full year 2025, Toast, Inc. (NYSE:TOST) expects to book between $1.775 billion and $1.795 billion in revenues from its subscription services and financial technology solutions, or a 25 to 27 percent growth from the first quarter of 2024.

For the second quarter alone, revenues from the same segment are expected to increase by 26 to 29 percent to a range of $435 million to $445 million.