Toast upgraded to Outperform from Neutral at Baird

Baird upgraded Toast to Outperform from Neutral with an unchanged price target of $18. While the stock “was a bit burnt to a crisp” on the Q3 earnings report, Baird appreciates Toast’s “strong” growth profile, the analyst tells investors in a research note. The firm likes likes big market share gainers and says Toast is one of the best companies and products on its list. Baird expects 20%-25% revenue growth for several years.