Toast Analyst No Longer Bullish Despite Payments Stock Being Among ‘Best Share Gainers’
0
0
Shares of Toast Inc (NYSE:TOST) added more than 40% in November, after the company reported strong third-quarter results.
Although the Boston-based company is among the “best share gainers in the payments space,” its stock has risen more than 135% year to date, according to Goldman Sachs.
Analyst Will Nance downgraded the rating for Toast from Buy to Neutral, while raising the price target to $45.
The Thesis: The inflection in operating leverage has played out, with the company significantly curtailing …
Full story available on Benzinga.com
Visited 1 times, 1 visit(s) today