Toast Analyst No Longer Bullish Despite Payments Stock Being Among 'Best Share Gainers'
Toast Analyst No Longer Bullish Despite Payments Stock Being Among 'Best Share Gainers'
Shares of Toast Inc (NYSE:TOST) added more than 40% in November, after the company reported strong third-quarter results.
Toast Inc（紐交所：TOST）股票在11月上漲了40%以上，這是在公司報告強勁的第三季度業績後發生的。
Although the Boston-based company is among the "best share gainers in the payments space," its stock has risen more than 135% year to date, according to Goldman Sachs.
雖然總部位於波士頓的公司屬於「在支付領域中表現最佳的股票贏家之一」，但根據高盛的數據，其股價今年已上漲超過135%。
Analyst Will Nance downgraded the rating for Toast from Buy to Neutral, while raising the price target to $45.
分析師Will Nance將Toast的評級從買入降級到中立，同時將目標價格提高至45美元。
The Thesis: The inflection in operating leverage has played out, with the company significantly curtailing costs into 2024, Nance said in the downgrade note.
論點是：在運營槓桿方面出現了拐點，公司在2024年大幅削減成本，Nance在降級通知中說。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
After the rally this year, the stock already reflects the significant upside that was expected from the move to a software-based valuation framework, he added.
在今年的行情之後，該股已經反映了從轉向基於軟件的估值框架中預期的顯着增長，他補充說。
Business confidence is improving in the wake of the November Presidential elections, the analyst stated. Against this backdrop, market pricing "has become a key theme in 2025," and Toast seems among the well positioned companies in terms of revenue mix and exposure to SMBs (small and medium businesses), he further wrote.
分析師表示，隨着11月總統選舉的進行，業務信心有所提升。在這種背景下，市場定價「已成爲2025年的一個關鍵主題」，而Toast在營收結構和中小企業（小型和中型企業）方面似乎是處於良好位置的公司之一。
Price Action: Shares of Toast declined by 2.66% to $42.38 in premarket trading on Monday.
Toast的股價在週一盤前交易中下跌2.66%，至42.38美元。
Read More:
閱讀更多：
- Toast, Westinghouse Air Brake Technologies, Clearway Energy And More On CNBC's 'Final Trades'
- 烤麪包、美國西屋制動、清流能源等在CNBC的「最終交易」節目中
Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。
