
Toast (TOST) Stock Forecast & Price Target
Toast (TOST) Analyst Ratings
Bulls say
Toast is projected to achieve an Adjusted EBITDA of $565-$585 million for fiscal 2024, demonstrating an upward revision from a previous range of $540-$560 million. The company continues to grow within its core U.S. restaurant market, having added a record 8,500 locations in the second quarter alone. Additionally, for fiscal year 2025, Toast anticipates a gross profit of $1.815-$1.835 billion from its subscription services and FinTech solutions, reflecting a positive trajectory in both location expansion and recurring revenue generation.
Bears say
The outlook for Toast's stock is negatively influenced by concerns regarding stalled recurring revenue growth, particularly in the event of a prolonged economic downturn that may reduce consumer spending and slow new restaurant openings. Additionally, the company remains unprofitable due to significant investments aimed at growth, which presents execution risks if the business model fails to scale effectively. Further complicating the situation are ongoing supply chain issues, including chip shortages, which could lead to hardware bottlenecks, extended implementation times, and delayed customer onboarding, ultimately hindering growth.
This aggregate rating is based on analysts' research of Toast and is not a guaranteed prediction by Public.com or investment advice.
Toast (TOST) Analyst Forecast & Price Prediction
Start investing in Toast (TOST)
Order type
Buy in
Order amount
Est. shares
0 shares