Toast, Inc. (TOST) shares rose 0.3% to $33.53 as of November 4, 2026, a slight gain from the prior close of $33.42. BestStocks flagged the session as a major change for TOST. The move is tied to an earnings miss. Below, we break down what changed for TOST, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
Earnings Miss
Toast, Inc. (TOST) reported Q3 FY2026 EPS of $0.29, missing consensus estimate of $0.36 by 20.1%. Monitor Toast's 2026 guidance and any management commentary on margin pressures or customer retention trends in the next earnings call.
This summary describes the catalyst and move as first detected on Nov 3, 2026, 4:38 PM EST; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
Material / EarningsLow confidence
Rel. volume
1.8×
Above Avg
Vs peers
—
No comparable peers
Market cap
$17.3B
New York Stock Exchange
Analyst target
$38
+13.8% vs price
Price chart
Oct 5 – Nov 3
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Toast, Inc. investors
For Toast, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive 0.3% session move; Positive price momentum. Weighing against that: Earnings missed expectations; Toast announced Toast Fuel, a new product suite for fuel operators and convenience stores, on September 29 (via Business Wire). Wall Street's consensus price target sits at $38.17, implying +13.8% upside from $33.53. Over the past 90 days analysts logged 0 upgrades and 1 downgrade. BestStocks rates the overall signal quality low (56/100). With earnings roughly 106 days out, the next report is the most likely near-term test of the move.
TOST price reaction
TOST last traded at $33.53, up $0.11 (+0.33%) from the previous close of $33.42. The session traded on 1.8× average volume (above avg), so the move carried above-average conviction. Over the past month the stock has ranged between $29.85 and $33.53, and it currently sits about 100% of the way up that band.
Bullish and bearish analyst opinions on Toast, Inc. (TOST)
▼Latest catalyst·strengthens the bear case
The latest catalyst — an earnings miss — it strengthens the bear case.
The consensus analyst price target on Toast, Inc. (TOST) is $38.17, 13.8% above the recent $33.53. Over the past 90 days analysts logged 0 upgrades, 5 maintains, and 1 downgrade. Here is how the bullish and bearish cases on TOST line up.
▲ The bullish case
+Wall Street's consensus price target of $38.17 implies +13.8% upside from $33.53.
+The Street's most bullish target is $45.00 (+34.2%).
+Positive 0.3% session move.
+Positive price momentum.
▼ The bearish case
−The most bearish analyst target is $30.00 (-10.5%).
−1 analyst downgrade in the past 90 days, most recently BNP Paribas to Neutral (2026-09-02).
−Earnings missed expectations.
−Toast announced Toast Fuel, a new product suite for fuel operators and convenience stores, on September 29 (via Business Wire).
Bull vs bear balanceBearish Shift
BearishNeutralBullish
The latest catalyst moved the balance toward the bears — the hollow tick marks where it sat before.
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Nov 3, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Toast stock rose 2.51% to $34.26 ahead of its Q3 2026 earnings release scheduled for today after market close. According to the web catalyst, investors are positioning for strong year-over-year growth with Wall Street forecasting ~$1.97B revenue (+21% YoY) and $0.37 EPS, with particular focus on software upsell metrics and Toast's AI-driven labor management tools. Volume of 11.2M shares ran 1.57x normal for this point in the session.
Filings2026-11-03+0.3%
Toast, Inc. (TOST) filed a new 8-K on November 3, 2026.
Toast (TOST) rose 7.21% to $33.97 in intraday trading. No specific dated catalyst has been identified in real-time; the move follows Zacks coverage of Q3 Wall Street projections and ahead of scheduled earnings on November 3, 2026. Volume data remains unreliable early in the session.
Toast (TOST) gained 2.50% to $32.24 following BofA Securities resuming coverage with a Buy rating and $40 price target, per web synthesis; the move also reflects ongoing investor enthusiasm for Toast's AI product rollouts (Toast IQ Team and Toast IQ Grow) announced in fall. Volume of 2.3M shares is running 39% below average for this point in the session.
Bank of America resumed coverage of Toast with a Buy rating and $40 price target, citing the company's strong market position in restaurants and successful expansion into retail, enterprise, and international segments (in.investing.com). The stock rose 6.33% to $31.74, recovering from earlier-week pressure tied to competition concerns after Block's Square announced an AI voice-ordering kiosk.
News2026-10-06+0.7%
Toast launched Toast IQ Team labor management solution and expanded Toast IQ Grow marketing platform.
Filings2026-10-01+0.8%
Toast, Inc. (TOST) filed a new 8-K on October 1, 2026. The filing does not specify the disclosed event, and no earnings announcement or material corporate action was found in available sources.
Toast announced Toast Fuel, a new product suite for fuel operators and convenience stores, on September 29 (via Business Wire). Despite the product launch, TOST fell 2.92% to $29.57 intraday on elevated volume (2.35x average for this time of session), suggesting the market's initial reaction to the expansion initiative was negative or neutral.
In-depth TOST event analyses
Permanent, dated analyses of TOST's most significant sessions.
TOST rose 0.3% to $33.53. The move is associated with an earnings miss.
How much did TOST stock rise?
TOST gained 0.33% ($0.11) versus the prior close of $33.42, last trading at $33.53 on 1.8× average volume.
When is Toast, Inc.'s next earnings date?
TOST's next earnings report is estimated for 2027-02-18 — about 106 days away.
What is the analyst price target for TOST?
The consensus analyst price target for TOST is $38.17, about 13.8% above the current $33.53. Over the past 90 days, analysts recorded 0 upgrades, 5 maintains, and 1 downgrade.
How BestStocks tracks TOST
This page is generated automatically by BestStocks' change-detection system after an earnings miss was detected and verified against independent data sources. It draws on 20 tracked change events for TOST, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of November 4, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
