Toast Stock Climbs 0.59% on Analyst Upgrades Surges to $49.66 as Trading Volume Hits $0.46 Billion Ranking 261st in Market Activity

On August 13, 2025, Toast (TOST) closed with a 0.59% gain, trading at $49.66, near its 52-week high. The stock’s trading volume surged to $0.46 billion, a 115.63% increase from the previous day, ranking it 261st in the market’s daily trading activity. This performance followed recent analyst upgrades and strategic developments.

Truist Securities raised its price target for TOST to $51, maintaining a Buy rating, citing robust second-quarter earnings and improved recurring gross profit growth projections. The firm noted Toast’s 26% revenue growth and a current ratio of 2.59, reflecting strong liquidity. Adjusted EBITDA forecasts were slightly trimmed for 2025–2026, factoring in planned growth investments and potential tariff impacts on hardware costs.

Analyst sentiment remained bullish, with Bernstein, RBC, and JPMorgan raising targets to $48, $50, and $52, respectively. Needham set the highest target at $60, highlighting Q2 outperformance and strong guidance. Goldman Sachs reaffirmed a Neutral stance at $51, acknowledging solid software and payments segment growth. These upgrades underscore confidence in Toast’s expansion, including 8,500 new locations added and a partnership with American Express to enhance dining experiences.

A strategy of buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 31.52% total return, with an average 1-day return of 0.98%. This suggests short-term momentum captured by the approach, though it also reflects market volatility and timing risks over the period.