Toast gains after raising annual EBITDA forecast

Toast

05/08/2026 18:30

** Shares of restaurant point-of-sale and management platform Toast TOST.N rise 2.9% to $34.7
** Late Tuesday, co lifted adj EBITDA forecast to $805 million-$825 million, up from $790 million-$810 million
** Co said outlook reflects its strategic decision to re-invest the $10 million tariff refund received in Q2  
** Reported Q2 net income of $154 mln, compared with $80 million a year ago
** At least 8 brokerages have raised PT following the results
** As of last close, stock down 2.1% YTD
Brokerage 
New PT
Old PT
OPPENHEIMER 
$38
$36
BMO
$40 
$35
WELLS FARGO 
$40 
$36
BARCLAYS 
$39 
$35
KBW
$35
$30
RBC CAPITAL MARKETS
$36
$31
PIPER SANDLER
$39
$32

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))