Following stronger-than-anticipated Q2 performance, analysts adjust their price targets upward for Toast.

TOST · Toast Inc

The AI's read

Toast posted a clean Q2 beat on EPS and revenue and flagged big recurring gross-profit growth, margin expansion, and 9,500 net new locations. Analysts jumped price targets and highlighted the companys AI product momentum. The market reaction was muted, up about 3.6% premarket, while RSI sits at 29, so momentum isnt frothy. Price targets reach $39 and $45, but the stock still trades well below its 52-week high. We lean neutral because the beat is real but upside isnt clearly 2:1 vs downside with a P/E of 49. Watch for follow-through on recurring revenue and AI adoption before shifting to a stronger view.