TOST Price Target Lowered by Truist and DA Davidson

What happened: On February 25, 2026, Truist and DA Davidson lowered their price targets on Toast (TOST) following the company's Q4 results. Truist reduced its target from $42 to $36, maintaining a 'Buy' rating, while DA Davidson's target fell from $38 to $32. Piper Sandler also lowered its price target on Kraft Heinz (KHC) to $24 from $26 on March 23, 2026.

Market impact: The price target reductions reflect analysts' reassessments of these companies' valuations. Toast, at the intersection of three hard-hit sectors in 2026, has seen its stock decline 25% year-to-date. Kraft Heinz, a heavily-battered consumer stock, has faced similar challenges. These revisions may impact investors' decisions, potentially leading to further stock price adjustments.

What to watch next: Investors should closely monitor Toast's earnings release, expected on May 11, 2026, for updates on its growth story and valuation. For Kraft Heinz, the next key catalyst is its earnings report on April 27, 2026, which could provide insights into its turnaround efforts. Additionally, the broader market's performance, particularly in the soft, consumer, and technology sectors, may influence these stocks' trajectories.