JPMorgan Sees Regulatory Upside, Keeps $43 Target on Toast (TOST)

Group 1 - Toast, Inc. (NYSE:TOST) is recognized as one of the 13 Best Blue Chip Stocks to Buy Under $50 [1] - JPMorgan upgraded Toast, Inc. to Overweight from Neutral, maintaining a price target of $43, citing potential upside from regulatory changes in interchange fees [2] - The company reported a 34% increase in revenue for Q3 2025, with margins at 35% and over $2 billion in Annual Recurring Revenue (ARR) for the first time [3] Group 2 - Toast's Enterprise, international, and food and beverage retail segments are projected to reach a combined $100 million in ARR this year, with potential for each to grow into $1 billion ARR opportunities [4] - The company is a cloud-based, all-in-one digital technology platform tailored for the restaurant industry [4]