Toast Announces Leadership Transition
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Wall Street analysts expect smooth CEO transition for Toast (TOST)
September 6, 2023 8:27 AM EDTToast (NYSE: TOST) was upgraded to Buy from Neutral at UBS on Wednesday, with analyst Rayna Kumar raising the price target to $30 from $25 per share.
Kumar told investors in a note that they see improved potential for quarterly net new location adds and... More
UBS Takes Toast Inc. (TOST) to Buy on 'limited risk from the appointment of Aman Narang'
September 6, 2023 4:26 AM EDT(Updated - September 6, 2023 6:10 AM EDT)
UBS analyst Rayna Kumar upgraded Toast Inc. (NYSE: TOST) from Neutral to Buy with a price target of $30.00 (from $25.00).
The analyst comments "We are upgrading Toast to Buy from Neutral and raising our price target to $30 from $25 on improved potential for quarterly net new location adds and margin expansion. Toast remains... More
William Blair Positive on Toast Inc. (TOST) Planned CEO Transition
September 6, 2023 4:16 AM EDTWilliam Blair analyst Stephen Sheldon reiterated an Outperform rating and {REMOVEPT} price target on Toast Inc. (NYSE: TOST)
The analyst comments "We briefly spoke with Toast after the announcement and believe the CEO transition was part of the companys longer-term succession plan. It is important to note that the IR team said that the leadership transition was not related to the unsuccessful implementation of the $0.99... More
