TOST Stock Recent News

Evercore ISI analysts initiated coverage of the stock with an outperform rating and a $32 price target. The stock has jumped 34% this year on improving financial results.

As it brings on more customers, Toast continues to post solid revenue gains. Management believes the business will report positive operating income in 2025.

Toast (TOST) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TOST broke through the 200-day moving average, which suggests a long-term bullish trend.

Features are great, but I'd rather own a platform.

Even though sales came in slightly below expectations, Toast's Q4 margins were better than anticipated. Toast's forward guidance suggests strong growth this year.

Toast Inc (NYSE:TOST) stock is up 15.2% at $22.16 at last check, after the  software company  beat fourth-quarter expectations and announced it will lay off 550 workers.

Toast, Inc. (TOST) Q4 2023 Earnings Call Transcript

Toast's latest quarterly earnings were marked by the announcement of a 10% headcount reduction, even as subscription revenues increased but growth across some metrics slowed. As reported Thursday (Feb. 15) after the markets closed, the company said it was trimming 550 positions.

Toast (TOST) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.19 per share a year ago.

Toast said it would lay off 550 employees, resulting in $45 million to $55 million charges, mostly in the first quarter.