Fintel reports that on December 4, 2025, JP Morgan upgraded their outlook for Toast (NYSE:TOST) from Neutral to Overweight.
Analyst Price Forecast Suggests 36.75% Upside
As of November 17, 2025, the average one-year price target for Toast is $48.09/share. The forecasts range from a low of $36.36 to a high of $68.25. The average price target represents an increase of 36.75% from its latest reported closing price of $35.17 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Toast is 5,630MM, a decrease of 3.89%. The projected annual non-GAAP EPS is 0.07.
What is the Fund Sentiment?
There are 1,280 funds or institutions reporting positions in Toast. This is an decrease of 8 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to TOST is 0.31%, an increase of 11.26%. Total shares owned by institutions increased in the last three months by 0.17% to 547,354K shares. 
The put/call ratio of TOST is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 48,428K shares representing 9.40% ownership of the company. In its prior filing, the firm reported owning 45,077K shares , representing an increase of 6.92%. The firm decreased its portfolio allocation in TOST by 16.98% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 23,703K shares representing 4.60% ownership of the company. In its prior filing, the firm reported owning 23,722K shares , representing a decrease of 0.08%. The firm increased its portfolio allocation in TOST by 8.04% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,229K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 14,813K shares , representing an increase of 2.74%. The firm increased its portfolio allocation in TOST by 22.48% over the last quarter.
Jennison Associates holds 15,001K shares representing 2.91% ownership of the company. In its prior filing, the firm reported owning 8,602K shares , representing an increase of 42.66%. The firm decreased its portfolio allocation in TOST by 25.26% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 11,581K shares representing 2.25% ownership of the company. In its prior filing, the firm reported owning 11,710K shares , representing a decrease of 1.11%. The firm increased its portfolio allocation in TOST by 23.65% over the last quarter.
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