TOST News Report — 2026-02-14

Overview

Sources Breakdown

Key Themes Today

1. Widespread Analyst Price Target Reductions

• Four major investment banks significantly lowered their price targets for Toast (TOST) on February 13, 2026.
• Citigroup analyst Bryan Keane reduced the price target from $51 to $42, Oppenheimer analyst Rayna Kumar from $48 to $39, Wells Fargo analyst Jason Kupferberg from $47 to $36, and Needham analyst Mayank Tandon made the most substantial cut from $60 to $35.
• This broad-based reduction across multiple firms signals a revised, more conservative outlook on TOST's future valuation by the analyst community.

2. Maintained Positive Analyst Ratings

• Despite the significant price target cuts, all four analysts maintained their positive ratings on TOST.
• Citigroup and Needham maintained a "Buy" rating, Oppenheimer an "Outperform," and Wells Fargo an "Overweight."
• This indicates that while analysts see a lower ceiling for the stock in the near term, their fundamental long-term conviction in the company's business model or growth prospects remains intact.

3. Negative Pre-Market Stock Performance

• Toast (TOST) was identified as one of the "big stocks moving lower" in Friday's pre-market trading session.
• This immediate negative price action suggests that the market is reacting unfavorably to the news, likely driven by the analyst price target reductions.
• The pre-market decline places TOST alongside other companies like Pinterest, DraftKings, and Expedia experiencing downward pressure.

4. Active Analyst Coverage

• At least six analyst ratings on Toast were highlighted, indicating significant institutional interest and scrutiny of the company.
• The recent updates from Citigroup, Oppenheimer, Wells Fargo, and Needham demonstrate active monitoring and re-evaluation of TOST's prospects.
• This level of coverage means that the stock's performance and outlook are under constant review by financial professionals.

Top Articles by Impact

Bullish

No significant bullish articles. While analysts maintained positive ratings, the dominant news and market impact stemmed from the lowered price targets.

Bearish

1. Citigroup Maintains Buy on Toast, Lowers Price Target to $42 (Benzinga)
   • This article highlights a significant price target reduction from a prominent firm, signaling a more cautious outlook.
2. Needham Maintains Buy on Toast, Lowers Price Target to $35 (Benzinga)
   • Needham's substantial price target cut from $60 to $35 represents the most aggressive downward revision, potentially impacting investor sentiment.
3. Pinterest Posts Downbeat Results, Joins DraftKings, Toast, Expedia And Other Big Stocks Moving Lower In Friday's Pre-Market Session (Benzinga)
   • This directly confirms negative market reaction, with TOST experiencing a decline in pre-market trading.
4. Oppenheimer Maintains Outperform on Toast, Lowers Price Target to $39 (Benzinga)
   • Another major firm reducing its price target contributes to the overall bearish sentiment surrounding TOST.

Risk Factors

• Analyst Price Target Compression: The widespread and significant reduction in price targets by multiple analysts suggests a potential re-rating of TOST's valuation, which could lead to further stock price declines.
• Negative Market Sentiment: The observed pre-market decline indicates immediate negative investor reaction, which could persist and create downward pressure on the stock.
• Discrepancy in Analyst View: The juxtaposition of maintained positive ratings with sharply lowered price targets might confuse investors and suggests underlying concerns that analysts are pricing in, even if they still believe in the long-term story.

Cross-Source Consensus Signals

STRONG SIGNAL: Multiple analysts (Citigroup, Oppenheimer, Wells Fargo, Needham) have significantly lowered their price targets for TOST, indicating a consensus on a reduced valuation outlook. MODERATE SIGNAL: Analysts are maintaining their positive ratings (Buy, Outperform, Overweight) despite the price target adjustments, suggesting a belief in the company's long-term fundamentals. WEAK SIGNAL: TOST experienced negative pre-market price movement, reflecting immediate market reaction to the news.

=== OVERALL SENTIMENT === STRONGLY BEARISH

=== ONE-LINE SUMMARY === Toast (TOST) faces strong bearish sentiment as multiple analysts significantly cut price targets, leading to a pre-market stock decline, despite maintaining positive long-term ratings.