Toast Inc. shares closed at $28.65 on February 9, marking a 3.32% gain. The company is scheduled to release its fourth-quarter 2025 earnings after the market close on February 12.
Analysts expect revenue to reach $1.62 billion, representing a 21% year-over-year increase. Non-GAAP earnings per share are projected at $0.24. This estimate reflects a 380% increase over the prior year.
Wolfe Research reiterated a Peerperform rating for the stock. The firm set a year-end 2026 fair value range between $31 and $34. UBS maintains a Buy rating with a $50 price target, citing strong competitive positioning and payment strategy execution.
The recent rally reflects improved sentiment and a favorable tactical setup heading into the announcement. Analysts suggest the company faces a lower bar to meet market expectations. Key metrics include subscription annual recurring revenue (ARR) expected near $1.05 billion. Total ARR is projected to reach $2.04 billion.
Investors are monitoring momentum from new products including Toast IQ and Toast Advertising. However, management identified near-term headwinds from tariff costs. The company also faces $31 million in bad debt expenses.