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Toast (TOST) Payment Volume Could Slow Faster Than Restaurant Inflation
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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.
#stocks #investing #trading #stockmarket #wallstreet #money #finance #businessnews #news #inflation #fintech
#stocks #investing #trading #stockmarket #wallstreet #money #finance #businessnews #news #inflation #fintech
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