Toast rises after BMO initiates coverage with 'outperform' rating

Toast

06/01/2025 18:17

** Restaurant software provider Toast's  TOST.N  shares rise
~2.6% to $38.58
    ** BMO initiates coverage of TOST with "outperform" rating
    ** Brokerage says TOST will be a long-term winner in the
U.S. restaurant technology and payment market
    ** Adds TOST has strong market product offering with a large
addressable market and will continue to gain meaningful market
share
    ** BMO sets PT at $45, a ~20% upside on stock's last close
    ** 13 of 29 brokerages rate the stock "buy" or higher, 15
"hold" and 1 "sell"; their median PT is $40 — LSEG
    ** TOST stock soared ~109.1% in 2024

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))