Goldman Sachs upgraded Toast Inc. (TOST) from Neutral to Buy.
The firm established a price target of $36.00 for the stock. Analysts expect the company to capture increased market share in the restaurant technology sector. The upgrade reflects confidence in the company's growth trajectory and its path to profitability.
Zacks Research recently downgraded the stock from strong-buy to hold. The consensus rating among 27 brokerages remains a Moderate Buy. The average 12-month price target for the stock is $37.41. Institutional investors currently hold 82.91% of the company's shares.