Truist and DA Davidson Lower Toast (TOST) Price Targets After Q4 Results

Toast, Inc. (NYSE:TOST) is one of the 11 Best Tech Stocks Under $50 to Buy Now. On February 25, Truist reduced its price target on Toast, Inc. (NYSE:TOST) from $42 to $36 and maintained its Buy rating on the stock.

This change in the price reflects an update in Truist’s model after a review of the company’s Q4 results. However, Truist pointed out that it expects Toast, Inc. (NYSE:TOST) to be a beat and raise story throughout 2026. Despite this, the research firm noted that the poor environment so far in the first quarter of the year could limit revenue beat in the coming quarter.

Photo by Samuel Regan-Asante on Unsplash

Earlier, on February 17, DA Davidson also reduced its price target on Toast, Inc. (NYSE:TOST) from $36 to $33 and maintained its Neutral rating on the stock.

The research firm noted that Toast, Inc.’s (NYSE:TOST) Q4 results marked the end of a “solid” 2025 for the company. However, DA Davidson trimmed its EBITDA forecasts for 2026 and 2027 by about 2% each.

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.

READ NEXT: 12 Best Under-the-Radar Stocks to Buy According to Hedge Funds and 10 Best Stocks Under $20 to Buy According to Hedge Funds.

Disclosure: None.  Follow Insider Monkey on Google News.