Tiger Brokers

BUZZ-Toast jumps after lifting annual forecast

Reuters
May 09, 2025
BUZZ-Toast jumps after lifting annual forecast

** Restaurant point of sale and management system Toast's TOST.N shares jump 8.3% to $39.68 before the bell

** TOST late Thursday lifted its forecast for annual subscription services and financial technology solutions gross profit

** Last month, TOST secured a marquee win in Applebee’s - the largest deal in the firm's history

** "With an expectation for 2Q25 new location adds being at record highs and positive commentary on the enterprise pipeline, it appears the sales machine is chugging along in the face of an uncertain macro" - RBC analyst Daniel Perlin

** 15 of 30 brokerages rate the stock "buy" or higher and 15 "hold; median PT $44 - data compiled by LSEG

** As of last close, TOST stock up 0.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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