As previously reported, Compass Point initiated coverage of Toast (TOST) with a Buy rating and $49 price target Toast is a “growth stock with secular tailwinds of digital payments” that is gaining share in the restaurant POS market, says the analyst, who views the company as poised to capture a re-acceleration in restaurant gross payment volume, or GPV, and tech spending.
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Read More on TOST:
- Toast downgraded to Neutral from Outperform at Exane BNP Paribas
- Toast initiated with a Buy at Compass Point
- Toast Inc put volume heavy and directionally bearish
- ValueAct discloses Toast stake in amended 13F filing
- Toast price target raised to $44 from $35 at DA Davidson
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
