Sanford C. Bernstein upgraded Toast (NYSE: TOST) from "hold" to "strong-buy." The upgrade follows the February 12 release of fourth-quarter 2025 earnings.
Toast reported a 22% year-over-year revenue increase. Revenue reached $1.63 billion. The company missed EPS estimates.
Citigroup and Needham maintained "buy" ratings. Both firms trimmed their price targets.
AI disruption fears in the software sector pressured the stock. Solid financial results and competitive advantages support potential upside.