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（纽交所：TOST）股票在11月上涨了40%以上，这是在公司报告强劲的第三季度业绩后发生的。
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.
虽然总部位于波士顿的公司属于“在支付领域中表现最佳的股票赢家之一”，但根据高盛的数据，其股价今年已上涨超过135%。
Analyst Will Nance downgraded the rating for Toast from Buy to Neutral, while raising the price target to $45.
分析师Will Nance将Toast的评级从买入降级到中立，同时将目标价格提高至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.
论点是：在运营杠杆方面出现了拐点，公司在2024年大幅削减成本，Nance在降级通知中说。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
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.
在今年的行情之后，该股已经反映了从转向基于软件的估值框架中预期的显着增长，他补充说。
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.
分析师表示，随着11月总统选举的进行，业务信心有所提升。在这种背景下，市场定价“已成为2025年的一个关键主题”，而Toast在营收结构和中小企业（小型和中型企业）方面似乎是处于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的股价在周一盘前交易中下跌2.66%，至42.38美元。
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阅读更多：
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Image: Shutterstock
图片：shutterstock
