Fintel reports that on March 31, 2026, Loop Capital initiated coverage of Toast (NYSE: TOST) with a “Hold” recommendation. The average one-year price target for the company is $37.91 per share, which suggests a potential upside of 42.99% from its latest closing price of $26.51. The forecasts range from a low of $30.30 to a high of $57.75.
Toast’s projected annual revenue is $6.3 billion, reflecting a 1.82% increase, while the anticipated annual non-GAAP EPS is 0.05. Institutional ownership has decreased by 19.03% over the last three months, with a total of 442,978K shares owned by institutions. Notably, 801 funds reported positions in Toast, down by 473 funds or 37.13% compared to the previous quarter. The put/call ratio is 0.50, indicating a bullish sentiment.
Key stakeholders include Capital International Investors, which holds 45,391K shares (8.66% ownership), and Jennison Associates, which increased its holdings slightly to 15,158K shares (2.89% ownership). In contrast, J.P. Morgan Chase has decreased its position to 9,379K shares (1.79% ownership).
