These Analysts Raise Their Forecasts On Toast After Better-Than-Expected Q2 Results - Toast (NYSE:TOST)

Toast Inc (NYSE:TOST) on Tuesday posted upbeat results for the second quarter.The company reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $1.908 billion which beat the analyst consensus estimate of $1.871 billion.Toast shares fell 0.3% to $33.70 in pre-market trading.These analysts made changes to their price targets on Toast following earnings announcement.

Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $32 to $39.

Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $35 to $45.