Toast Inc. (TOST) PT Lowered to $40 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the price target on Toast Inc. (NYSE: TOST) to $40.00 (from $42.00) while maintaining a Neutral rating.

The analyst commented, "Toast is scheduled to report 1Q results after the close on Thursday, May 8th, with a conference call scheduled for 5pm ET. We expect the company will meet or modestly exceed our forecasts (and the consensus). With results, we expect management will affirm or modestly fine-tune their initial financial guidance for 2025. We are maintaining our NEUTRAL rating on Toast and trimming our price target to $40 (from $42)."

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