Piper Sandler Rates Toast (TOST) buy, $32 Price Target

Piper Sandler boosts its price target for Toast, Inc. to $32, signaling confidence in the stock's future performance, a 27.74% upside from the current price.

By TradeTexts Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 9:02 AM EDT

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Piper Sandler rated Toast, Inc. ($TOST) "buy" with a $32 price target on June 11, 2026.

Since the rating, $TOST is down 0.1% after 1 week, up 21.3% after 1 month and up 28.1% to date (from the $24.69 close on Jun 11, 2026).

TOST Toast, Inc.

$31.62 -7.05% year to date

Daily close · Oct 16, 2026

Key Points

On June 11, Piper Sandler raised its rating on Toast, Inc. (NYSE: TOST) to 'buy' and set a price target of $32. The stock closed at $25.05, indicating substantial upside potential.
Toast reported revenue of $6.8 billion with a revenue growth rate of 23.1% and an EPS of $0.79, showcasing its solid performance within the technology sector.
Analysts currently have a mean price target of about $38.92 for Toast, based on 26 opinions, reflecting a generally positive outlook despite recent downgrades from some firms.

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Piper Sandler Upgrades Toast, Inc.

On June 11, 2026, Piper Sandler raised its rating on Toast, Inc. (NYSE: TOST) to 'buy' and set a price target of $32. The stock closed at $25.05, suggesting significant upside potential for investors. This upgrade highlights Piper Sandler's confidence in the company, especially given its position in the growing restaurant technology market.

What Changed for Toast?

Piper Sandler's action represents a new price target for Toast, increasing from its previous level to $32. This change came after the stock had been trading lower, offering a chance for recovery as the firm sees value in the shares at this pricing level.

Analysts Set New Price Targets

Analysts have been mixed on Toast recently. On September 2, BNP Paribas downgraded the stock to 'Neutral' with a lower price target of $35, down from $38. RBC Capital maintained a 'Sector Perform' rating with a target increase to $44, while Truist Securities kept its 'Buy' rating but raised the target to $39. Oppenheimer maintained an 'Outperform' rating with a target of $38. These varied recommendations reflect a mix of optimism and caution regarding Toast’s performance in the market.

Current Stock Performance

Toast's shares are currently trading at $25.05, below the 50-day moving average of $32.96. This position may create a buying opportunity for investors as the stock approaches the new price target of $32 set by Piper Sandler.

12-month forecast

$TOST price target

Toast, Inc. daily closes and this analyst's $32 target. Not advice.

Recent Earnings

Toast delivered impressive recent earnings with revenue hitting $6.8 billion, marking a 23.1% growth year-over-year. The company reported an earnings per share (EPS) of $0.79, which indicates a healthy profit margin of 7.1%. The next earnings report is expected on November 3, 2026, giving investors more insight into the company's financial health.

What Toast, Inc. Does

Toast, Inc. provides a cloud-based digital technology platform tailored for the restaurant industry. Its services include point-of-sale and various operational management tools. This recent upgrade by Piper Sandler could signal strong confidence in Toast's ability to capitalize on trends in the restaurant sector.

What’s Next for Toast?

Investors will be watching the upcoming earnings report on November 3, 2026, for more insights into Toast's performance. With the current analyst sentiments and the recent price target from Piper Sandler, there could be a lot of movement in the stock as investors respond to new data. It’s important to note that the rating reflects positions as of the reporting period and may not represent the investor's current position.