Positive

From NASDAQ.: 2025-07-01 17:26:00

The market has hit new highs, led by the tech sector. The Technology Select Sector SPDR Fund (XLK) is at record levels, with software companies standing out. Toast Inc. (TOST), a cloud-based restaurant software firm, has seen a 21% YTD increase and nearly 200% over three years.

Despite high valuation, Toast Inc. continues to attract interest, with room for further growth. The company offers integrated hardware and software solutions for the restaurant industry, with a market cap of $25.6 billion. Analysts are increasingly bullish, with strong Q1 earnings report showing 167% YOY EPS growth and $1.34 billion in revenue.

Toast Inc. reported strong Q1 earnings, beating estimates with $0.10 EPS and $1.34 billion in revenue. The company saw 31% growth in ARR, adding 6,000 new locations. Notable wins included partnerships with Applebee’s and Topgolf, and the launch of AI-driven ToastIQ. Full-year outlook projects 26% growth in gross profit.

Institutional support has been strong, with $4.5 billion in capital flowing into Toast Inc. over the past year. With 82.9% institutional ownership, the company continues to be actively accumulated. Technically, TOST is consolidating below $45 resistance, with $42 acting as support. A breakout could lead to a move towards $50.



Read more at NASDAQ.:: Toast Stock: A Fast-Growing Mid-Cap Eyeing Further Upside