Toast quickly gains after bullish investor comment
Toast Inc. (NYSE:TOST) rose 3.2% and touched session highs after a bullish investor comment.
Josh Brown, a CNBC commentator, talked positively about the stock in an interview on the business news network. Brown has previously pitched Toast on CNBC, including in February 2023.
“Pretty much every month they are announcing a new major enterprise deal, sometimes with a hotel chain that has tons of restaurants, etc.” “This is my financial idea that I’m most excited about.”
“You talk about a TAM, it’s $126 billion in gross value on their platform last year,” Brown added. “That number should go higher as they keep signing restaurants.”
Toast (TOST) is scheduled to report Q1 results on May 7.