Toast price target raised to $31 from $30 at Needham

Needham analyst Mayank Tandon raised the firm’s price target on Toast to $31 from $30 and keeps a Buy rating on the shares. The company’s Q2 earnings beat also saw a record quarter for location adds at over 7,500, with effective cross-selling in both the subscription and FinTech product sets driving the upside, the analyst tells investors in a research note.