Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 3, 2026, Toast, Inc. (TOST) has a Wall Street consensus price target of $39.82, based on estimates from 29 covering analysts. With the stock currently trading at $27.31, this represents a potential upside of +45.8%. The company has a market capitalization of $14.28B.
Analyst price targets range from a low of $33.00 to a high of $51.00, representing a 45% spread in expectations. The median target of $39.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 16 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, TOST trades at a trailing P/E of 48.8x and forward P/E of 22.4x. Analysts expect EPS to grow +116.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $69.40, with bear and bull scenarios of $-209.14 and $60.10 respectively. Model confidence stands at 54/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for TOST is $39.82, representing 45.8% upside from the current price of $27.31. With 29 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
TOST has a consensus rating of "Buy" based on 29 Wall Street analysts. The rating breakdown is predominantly bullish, with 16 Buy/Strong Buy ratings. The consensus 12-month price target of $39.82 implies 45.8% upside from current levels.
TOST trades at a forward P/E of 22.3834x, representing a moderate valuation. With analysts targeting $39.82 (45.8% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $51 for TOST, while the most conservative target is $33. The consensus of $39.82 represents the median expectation. Our quantitative valuation model projects a bull case target of $60 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
TOST is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 13 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month TOST stock forecast based on 29 Wall Street analysts shows a consensus price target of $39.82, with estimates ranging from $33 (bear case) to $51 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $69, with bear/bull scenarios of $-209/$60.
Our quantitative valuation model calculates TOST's fair value at $69 (base case), with a bear case of $-209 and bull case of $60. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 54/100.
TOST trades at a forward P/E ratio of 22.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 48.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on TOST, with a "Buy" consensus rating and $39.82 price target (45.8% upside). 16 of 29 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
TOST analyst price targets range from $33 to $51, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $39.82 consensus represents the middle ground. Our model's $-209-$60 range provides an independent fundamental perspective.