Toast resumed with a Buy at Deutsche Bank

Deutsche Bank analyst Nate Svensson resumed coverage of Toast (TOST) with a Buy rating and $54 price target The firm’s previous rating was Hold. Deutsche Bank resumed coverage on 25 stocks in the payments, processors, and IT services industry with 9 Buys, 14 Holds, and 2 restricted ratings. Both industries have materially underperformed the S&P 500 Index year-to-date as investor expectations for 2025 increased around the November election, leading to an end of year run-up “that has since proven overly-optimistic,” the analyst tells investors in a research note. The firm says that with trade uncertainty and consumer spending concerns, the outlook for the group “is as cloudy as it has been in the last five years.”