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Toast , Inc. (NYSE:TOST), the restaurant technology company now valued at $22.3 billion, has seen its stock surge 114% over the past year. CEO Aman Narang recently sold shares of the company’s Class A common stock, according to a Form 4 filing with the Securities and Exchange Commission. On February 4, Narang sold 1,068 shares at a price of approximately $39.63 per share, totaling $42,323. This transaction was related to covering tax withholding obligations from the vesting and settlement of restricted stock units (RSUs) and was not a discretionary trade by Narang. Following this sale, Narang holds 275,886 shares of Class A common stock, in addition to 18,912,840 shares of Class B common stock, which can be converted into Class A shares at any time. According to InvestingPro analysis, Toast currently trades above its Fair Value, with the company scheduled to report earnings in 14 days. InvestingPro subscribers can access 10+ additional insights about Toast’s valuation and growth prospects.
In other recent news, Toast Inc. has been the subject of several analyst reports. DA Davidson reiterated a neutral rating on the company, maintaining a price target of $38.00. The firm expects Toast to meet or slightly surpass both DA Davidson’s and consensus forecasts in its upcoming fourth-quarter earnings report.
Simultaneously, Oppenheimer initiated coverage on Toast with an Outperform rating and a price target of $46.00. The firm anticipates a compound annual growth rate (CAGR) of 25% in recurring gross profit over the next two years for the company.
BMO Capital Markets also initiated coverage on Toast, assigning an Outperform rating and setting a price target of $45.00. The firm’s EBITDA forecasts for 2026 are approximately 5% higher than the consensus, assuming that Toast’s unit economics remain broadly stable.
These recent developments come as an RBC analyst highlighted a positive shift in the sentiment of American small and medium-sized businesses (SMBs), which is expected to catalyze technology investments in companies like Toast.
Finally, Toast and Uber Technologies Inc . (NYSE:UBER) have announced an extension of their collaboration aimed at enhancing delivery options for U.S. restaurants, integrating Toast Delivery Services with Uber Direct.
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