Reiterated Buy X

TOST Toast

Truist

$48 $50

Resumed Buy X

TOST Toast

Deutsche Bank

$54

Initiated Buy X

TOST Toast

Truist

$48

Upgrades Peer Perform Outperform X

TOST Toast

Wolfe Research

$44

Upgrades Underweight Overweight X

TOST Toast

Wells Fargo

$39

Initiated Outperform X

TOST Toast

Oppenheimer

$46

Initiated Outperform X

TOST Toast

BMO Capital Markets

$45

Downgrades Buy Neutral X

TOST Toast

DA Davidson

$44 $38

Downgrades Buy Neutral X

TOST Toast

Goldman

$45

Initiated Buy X

TOST Toast

Compass Point

$49

Downgrades Outperform Neutral X

TOST Toast

Exane BNP Paribas

$37

Initiated Buy X

TOST Toast

Cleveland Research

$33

Upgrades Neutral Outperform X

TOST Toast

Mizuho

$21 $33

Downgrades Outperform Neutral X

TOST Toast

Robert W. Baird

$28

Initiated Mkt Perform X

TOST Toast

Keefe Bruyette

$25

Upgrades Neutral Outperform X

TOST Toast

Exane BNP Paribas

$30

Initiated Outperform X

TOST Toast

Evercore ISI

$32

Upgrades Neutral Buy X

TOST Toast

Redburn Atlantic

$28

Initiated Sector Perform X

TOST Toast

RBC Capital Mkts

$19

Upgrades Neutral Buy X

TOST Toast

Goldman

$24

Downgrades Buy Neutral X

TOST Toast

BofA Securities

$22 $16

Initiated Neutral X

TOST Toast

Redburn Atlantic

$18

Upgrades Neutral Outperform X

TOST Toast

Robert W. Baird

$18

Initiated Underweight X

TOST Toast

Wells Fargo

$16

Resumed Buy X

TOST Toast

UBS

$24

Downgrades Buy Neutral X

TOST Toast

Mizuho

$30 $16

Upgrades Neutral Buy X

TOST Toast

UBS

$25 $30

Initiated Buy X

TOST Toast

Jefferies

$28

Initiated Neutral X

TOST Toast

BTIG Research

Resumed Buy X

TOST Toast

DA Davidson

$25

Initiated Equal-Weight X

TOST Toast

Stephens

$18

Initiated Hold X

TOST Toast

Deutsche Bank

$20

Initiated Neutral X

TOST Toast

Exane BNP Paribas

$16

Reiterated Buy X

TOST Toast

DA Davidson

$27 $25

Downgrades Outperform Neutral X

TOST Toast

SMBC Nikko

$26 $23

Reiterated Overweight X

TOST Toast

KeyBanc Capital Markets

$26 $30

Initiated Buy X

TOST Toast

DA Davidson

$27

Downgrades Outperform Neutral X

TOST Toast

Robert W. Baird

$26 $24

Initiated Peer Perform X

TOST Toast

Wolfe Research

Upgrades Neutral Buy X

TOST Toast

Mizuho

$22 $24

Initiated Neutral X

TOST Toast

UBS

$22

TOST  Toast, Inc.

Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader. It also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF that provides back-office tools; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, it provides loyalty programs and gift cards; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.