20 Best Fintech Stocks to Buy According to Billionaires

17. Toast, Inc. (NYSE:TOST)

Number of Billionaire Investors: 10

Number of Hedge Fund Holders: 63

Toast, Inc. (NYSE:TOST) is an American financial technology and cloud-based restaurant management software company. It provides a comprehensive platform of software-as-a-service (SaaS) products and financial technology solutions to restaurants across point of sale (POS), payments, and operations. Toast, Inc. (NYSE:TOST) ranks among the best fintech stocks to invest in. In 2025, the company is set to strategically invest in international markets, the food and beverage sector, and enterprise adoption. Toast, Inc. (NYSE:TOST) also aims to strengthen its core small and midsize business segment while enhancing its product offerings and expanding its reach.

On February 21, DA Davidson raised its price target on Toast, Inc. (NYSE:TOST) to $42 from $38 and maintained a “Neutral” rating. This decision came after the company released its Q4 2024 earnings, which exceeded DA Davidson’s expectations. Toast, Inc.’s (NYSE:TOST) total revenue was 2% higher than what DA Davidson had forecasted while the adjusted EBITDA surpassed projections by 16%. Based on these results, DA Davidson raised its adjusted EBITDA forecasts upward by an average of 5%. DA Davidson’s analyst Peter Heckmann highlighted that Toast, Inc. (NYSE:TOST) provided initial guidance for 2025, which projects year-over-year growth of 23%-25% in Non-GAAP FinTech & Subscription gross profit and 37%-42% growth in adjusted EBITDA.