Added to YB: 2026-08-21
Pitch date: 2026-08-19
TOST [neutral]
Toast, Inc.
+0.23%
current return
Author Info
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Company Info
Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally.
Market Cap
$20.3B
Pitch Price
$35.24
Price Target
52.10 (+48%)
Dividend
N/A
EV/EBITDA
38.21
P/E
44.82
EV/Sales
2.74
Sector
Financial Services
Category
growth
Quarterly Portfolio Review: What I’m Analyzing This Quarter - Toast, Inc.
TOST (holding update): PT $52.1 (46.7% upside). Owns 450 shares @ $26 avg, +27%; 14th largest position. Q2'26: record 9,500 net locations, recurring gross profit +28%, 37% adj EBITDA margin, ~8% GAAP op margin, raised FY26 guide. Annualized recurring GP/location $13,561. New TAM ARR to ~$200M in 2026; Toast IQ Grow fastest to $10M ARR. Trades 9.6x 2026E EV/GP, 7.6x 2027E vs 10.8x TTM, 13x normalized implies ~$42.
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