Toast Inc (NYSE:TOST) on Tuesday posted upbeat results for the second quarter.
The company reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $1.908 billion which beat the analyst consensus estimate of $1.871 billion.
“The first half of 2026 reflects the strength we have across the business. In Q2, recurring gross profit streams2 grew 28%, GAAP Operating Income margins expanded to 26%, and we added a record 9,500 net locations,” said Toast CEO Aman Narang. “We welcomed a breadth of new customers this quarter, from enterprise hospitality partners like BWH Hotels, parent company to Best Western, to well-loved bubble tea chain Kung Fu Tea, to an expanded TGI Fridays partnership in the UK. Toast IQ Grow is the fastest-growing new offering we’ve ever launched, and it’s a clear signal of how we can use AI to transform what Toast can do for customers. We have incredible momentum across the business, and I have never been more confident in the long term opportunity.”
Toast shares fell 0.3% to $33.70 in pre-market trading.
These analysts made changes to their price targets on Toast following earnings announcement.
- Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $32 to $39.
- Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $35 to $45.
Considering buying TOST stock? Here’s what analysts think:
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