Wolfe Research Starts Toast Inc. (TOST) at Peerperform

(Updated - November 29, 2022 6:02 AM EST)

Wolfe Research analyst Darrin Peller initiates coverage on Toast Inc. (NYSE: TOST) with a Peerperform rating.

The analyst comments "We see Toast as a best-in-class restaurant POS software provider that should see sustainable industry leading growth. That said, in the backdrop of upcoming macro headwinds combined with a premium valuation and little profitability, we initiate coverage with a Peer Perform."

For an analyst ratings summary and ratings history on Toast Inc. click here. For more ratings news on Toast Inc. click here.

Shares of Toast Inc. closed at $18.00 yesterday.

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