HomeIndustriesPayment ServicesCa$htag$: Payment Stock Winners & Losers: TOST, SHOP, XYZ

Ca$htag$: Payment Stock Winners & Losers: TOST, SHOP, XYZ

Likefolio’s Andy Swan looks at payment stocks, starting with Toast (TOST). He calls it an outlier, being a restaurant-only payment company, but is surging in web visits. It’s “separating itself from the pack” and “winning the market,” but the stock is expensive. Shopify (SHOP) is leading their data, while Square (XYZ) is seeing contraction.

Fast Market

01 Dec 2025

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