Toast Stock: A Fast-Growing Mid-Cap Eyeing Further Upside

Company Overview - Toast, Inc. is a cloud-based restaurant management platform providing integrated hardware and software solutions for full-service and quick-service restaurant industries [3][4] - The company has rapidly expanded since its first product launch in 2013, serving independent restaurants, multi-location chains, and franchise groups across the U.S. [4] Market Performance - Toast's shares are up over 21% year-to-date and nearly 200% over the past three years, despite a high P/E ratio of 187.35 [2][5] - The company's market capitalization stands at $25.6 billion, placing it in the mid-cap category [5] Financial Performance - For Q1 2025, Toast reported EPS of $0.10, a 167% year-over-year increase, and revenue of $1.34 billion, up 24.7% [8] - The company achieved a net income of $56 million, a 75% quarter-over-quarter increase, and adjusted EBITDA of $133 million [8] - Annual recurring revenue (ARR) grew by 31%, with SaaS ARR climbing 32% [9] Growth Outlook - Toast raised its full-year 2025 outlook, projecting 26% growth in fintech and subscription gross profit and $550 million in adjusted EBITDA [10] - The stock price forecast is $41.21, with a moderate buy rating from analysts [7] Institutional Support - Over the past 12 months, $4.5 billion in institutional capital has flowed into Toast, with 82.9% of shares held by institutions [11] Technical Analysis - The stock is consolidating just below a key resistance area near $45, with $42 acting as short-term support [12][13]