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Toast Stock Surges on Goldman Upgrade | Durham News
Toast, the restaurant tech giant, is quietly soaring despite being overshadowed by AI hype—its stock dropped 19% while the S&P 500 rose, but Goldman Sachs just upgraded it to “buy” with a $36 price target, sparking renewed investor interest. The bank sees Toast as a fundamentally strong payments business trading at a discount, fueled by its new AI tool, Toast IQ Grow, which is boosting restaurant revenue and driving software sales. With expansion into retail, international markets, and enterprise chains, analysts including Wells Fargo and Evercore ISI are also bullish, betting on Toast’s…
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