JP Morgan has upgraded Toast Inc (TOST) to Overweight from Neutral as of December 3, 2025. This decision reflects a more optimistic view on the company's prospects, potentially indicating improved fundamentals or better-than-expected business performance.
Headquartered in Boston, Massachusetts, Toast Inc engages in the development and provision of consumer payment applications for restaurants. The company employs 5,700 full-time staff and went public on September 22, 2021. Its platform offers a range of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing and restaurant-grade hardware.
As of November 25, 2025, Toast Inc has a market capitalisation of $19.7 billion, with a price-to-earnings ratio of 72.11 and earnings per share of $0.44. Recent earnings reports show a positive trend, with Q3 2025 EPS of $0.16 exceeding estimates by 20.8%.
Analyst consensus as of December 1, 2025, shows 8 Strong Buy, 12 Buy, and 14 Hold ratings, indicating a general inclination towards a positive outlook for the company. The upgrade by JP Morgan underscores the evolving sentiment among analysts, which can shift as new information becomes available.
Investment decisions should consider a variety of factors, including company fundamentals and industry trends, rather than relying solely on analyst ratings, which are subject to change over time.