Truist analyst Matthew Coad initiated coverage of Toast (TOST) with a Buy rating and $48 price target The analyst is a “long-term believer” as the firm expects Toast’s best-in-class product offering and differentiated distribution strategy to result in Toast becoming “the category killer within the restaurant POS software industry,” the analyst tells investors. However, the firm understands why some investors may be cautious in the short-term given Toast’s SMB and discretionary spend exposure, the analyst added.
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Read More on TOST:
- Toast price target raised to $45 from $44 at BMO Capital
- Toast Inc. Poised for Strong Growth: Analyst Recommends ‘Buy’ Amid Robust Performance and Expansion Plans
- Mixed Signals Lead to Hold Rating for Toast Inc: Strong Q1 Performance and Future Challenges
- Toast, Inc. Earnings Call Highlights Strong Growth and Positive Outlook
- Toast price target raised to $37 from $35 at Piper Sandler
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