HomeTechVehicles & TransportationToast (TOST) Payment Volume Could Slow Faster Than Restaurant Inflation

Toast (TOST) Payment Volume Could Slow Faster Than Restaurant Inflation

Toast’s (TOST) increased resilience adds risk late in the cycle while looming student loan payments offer potential headwinds, according to a Mizuho analyst. Mizuho downgraded Toast (TOST) to neutral from buy and lowered its price target to $16 from $30. Mizuho sees TOST’s gross payment volume per location slowing faster than restaurant inflation. George Tsilis discusses TOST as the stock is up nearly 10% year-over-year but is down over 30% from its 52-week high. Tune in to find out more about the stock market today.

Next Gen Investing

02 Oct 2023

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