Compass Point starts ‘growth stock with secular tailwinds’ Toast with a Buy

As previously reported, Compass Point initiated coverage of Toast (TOST) with a Buy rating and $49 price target Toast is a “growth stock with secular tailwinds of digital payments” that is gaining share in the restaurant POS market, says the analyst, who views the company as poised to capture a re-acceleration in restaurant gross payment volume, or GPV, and tech spending.