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Jefferies upgraded MercadoLibre to buy and raised its price target on the stock. Asiya Merchant kept her buy rating and and hiked up her price target by $45 to $170, which suggests shares could jump 16.9% from Monday's close. Nodding to the stock's strong recent performance, analyst David Koning downgraded Toast shares to neutral and maintained his $28 price target. Analyst Kashy Harrison downgraded the stock to neutral from overweight and lowered his price target to $4.50 from $9, implying 8.4% upside. He also raised his price target to $2,100 from $1,400, implying upside of about 20% over the next 12 months.

Persons: Jefferies, Piper Sandler, Asiya Merchant, Merchant, Dell, — Pia Singh, Baird, David Koning, Koning, Morgan Stanley, Chan, TSMC, Piper Sandler downgrades, Kashy Harrison, Harrison, Alex Wright, Wright, Fred Imbert Organizations: CNBC, Sunnova Energy, Citi, Dell, Citi Research, TAM, Taiwan Semiconductor, Nvidia, Energy, NOVA, Jefferies Locations: America, Monday's, Kong, securitizations

☆ Toast will lay off 10% of its workforce, about 550 employees, as growth slows
▼ + stars: | 2024-02-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Toast , maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. Its net loss of $36 million narrowed from $99 million in the year-ago quarter. Gross payment volume, at $33.70 billion, was up 32%, higher than the $33.53 billion consensus among analysts surveyed by StreetAccount. Under Comparato's leadership last summer, Toast started charging a fee of 99 cents for each online order that totaled more than $10.

Persons: Aman Narang, Toast's, Chris Comparato, Toast, Narang, Jim Cramer Organizations: Toast Inc, New York Stock Exchange, LSEG, Bank of America, StreetAccount Locations: New York City, U.S, Shift4

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Target, Amazon, Quest, Deckers, Alphabet & more
▼ + stars: | 2024-02-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates Sprout Social as buy Jefferies said the social media software provider is a market leader. Morgan Stanley names Huntington Bancshares a top pick Morgan Stanley said it likes the regional bank's low exposure to commercial real estate. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on Nvidia to $750 per share from $603. Morgan Stanley downgrades Aptiv to underweight from equal weight Morgan Stanley said it sees slowing growth for the automotic tech company. Jefferies initiates ZoomInfo as buy Jefferies initiates the software data company with a buy and says it sees new customer growth.

Persons: Redburn, Key, it's, Gordon, Gordon Haskett, Jefferies, Steven Madden, Morgan Stanley, Huntington, Morgan Stanley downgrades Aptiv, Piper Sandler, Piper, Davidson, Goldman Sachs, Goldman, DA Davidson, it's bullish, Oppenheimer Organizations: Services, Bank of America, Google, Leerink, SPT, Citi, JPMorgan downgrades New York Community Bancorp, JPMorgan, Jefferies, Nvidia, Crown Holdings, Holdings, Civitas Resources, Corp, Vans, VF Corp, Bank of America downgrades, York Community Bancorp, New, Apple, Apple's Locations: F24E, New York

☆ Cramer's Lighting Round: 'Stay away' from HF Sinclair
▼ + stars: | 2023-10-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Toast's year-to-date stock performance. Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon HF Sinclair's year-to-date stock performance. Stock Chart Icon Stock chart icon Exact Sciences' year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance.

Persons: I'd, It's, you've, I've, it's Organizations: CVS, Gillette, Resources, Sinclair

☆ Food-truck owners from marginalized communities are cooking up success with cloud-based POS systems and analytics software
▼ + stars: | 2023-09-26 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +10 min

Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.

Persons: —, IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland

☆ Americans are cheaping out big time on restaurant tips. Here are the states with the worst and best tippers.
▼ + stars: | 2023-09-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Restaurant tipping rates in the US have dipped below 20%, per an industry report by Toast. According to Toast's report, the average restaurant tips servers received across all 50 states was 18.9% for the second quarter of 2023. Toast's report ranked the average restaurant tips for all 50 states. AdvertisementAdvertisementIn contrast, average tipping rates were the lowest in California, at 17.4%, per Toast's report. Toast said that tipping rates for full-service restaurants dropped to 19.4% in the second quarter, down from 19.7% in the first quarter.

Persons: Toast, Tim Urban, Bankrate Organizations: Service, US, US Department of Agriculture, Wall Street Journal Locations: Toast . Delaware, Washington, California, Wall, Silicon, Delaware, Indiana, Kentucky, Nevada, Florida, . Delaware, New York City

☆ UBS upgrades this restaurant tech stock that can rally nearly 40%
▼ + stars: | 2023-09-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

"Toast remains well-positioned to capture the restaurant industry's ongoing shift from legacy technology to omni-channel, integrated software solutions," Kumar said. Kumar forecasts Toast's investments to lead to more than a 30% rise in gross profit growth over the next two years. A positive macro backdrop also is improving the restaurant industry's near-term growth prospects, she added, which could further boost Toast's outlook. "With shares trading at just ~0.2x '25E EV/GP/ Growth, the market doesn't fully account for durable top-line growth, healthy margin expansion and a stable restaurant outlook, in our view," Kumar said. The company is well-positioned to gain even more market share through its broadening solutions offerings and secular demand for restaurant point-of-sales technology, said Kumar.

Persons: Rayna Kumar, Kumar, — CNBC's Michael Bloom Organizations: UBS, omni

☆ Andrew Bialecki built Klaviyo into an email titan by breaking all the norms. Now he's taking it public as its largest shareholder.
▼ + stars: | 2023-09-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

Andrew Bialecki is preparing to take Boston startup Klaviyo public eleven years after founding it. Bialecki, who cofounded the marketing tech company in 2012, owns more than a third of Klaviyo, according to the company's recent S-1 filing. In the last eleven years, the 37-year-old has quietly built the hottest Boston startup you've never heard of. For comparison, HubSpot's Brian Halligan and Toast's Chris Comparato reported salaries of roughly $240,000 before taking their Boston startups public. Bialecki has also sold few shares of Klaviyo in inside rounds, according to two people familiar with the company's financials.

Persons: Andrew Bialecki, Jason Lemkin, Peter Walker, Klaviyo, Yankee frugality, Barry Chin, Ed Hallen, Hallen, Bialecki, Alexa von, TJ Mahony, he's, Elias Torres, Bootstrapping, Jon Karlen, Karlen, Mahony, Alex Clayton, frugality, HubSpot's Brian Halligan, Toast's Chris Comparato Organizations: Boston Globe, Getty, MIT's Sloan School of Management, Capital, Harvard University, Predictive Technologies, Fortune, Red Sox, Meritech Capital, Boston, Black, Patriots Locations: Boston, Coast, Bialecki, Washington, DC, Klaviyo, Braze, Miami

☆ These 'best-in-class' stocks could bolster your portfolio as market unease resurfaces, analysts say
▼ + stars: | 2023-08-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts named a list of stocks this week that they say could offer protection for investors as market tension rises. "We view Zscaler as a best-in-class, next generation cybersecurity company built for the distributed cloud world," he added. Earlier this week, the firm initiated coverage of the aerospace and defense components company with a buy rating. Zscaler - BTIG, buy rating "Over the last couple of months, we have spoken with seven contacts with a view on ZS, and feedback has been consistently positive. TransDigm Group - Citi, buy rating "The company's focus on proprietary products & lean operations affords pricing power and margin expansion potential.

Persons: Jason Kupferberg, Kupferberg, TOST, Zscaler, Gray Powell, Powell, Jason Gursky, Gursky, TransDigm, BURL, ROST, LULU, NetEase, Morgan Stanley Organizations: CNBC, Urban Outfitters, Toast Bank of America, TransDigm Group Citi, TransDigm, Barclays, Free, Citi, NetEase, Bank of America, TAM Locations: 2H23

☆ You might be charged a new 99-cent fee on food orders — and some restaurants are fuming
▼ + stars: | 2023-07-14 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Restaurants are in an uproar over a 99-cent fee that Toast has begun charging online customers. Instead, you might have to fault the restaurant's digital ordering tech provider, Toast. Toast, which works with 85,000 restaurants in the US, is charging consumers a 99-cent fee for online orders over $10. "If that's a $10 order, that's a 10% increase. That's a big whack of an increase if you ask me," Orsbourn said recently in his podcast, "The Digital Restaurant."

Persons: Toast, Grant Austin, Freddy J's, Baglesbyjarre, Tony Naser, Gil Brucken, Will Toast, Carl Orsbourn, Orsbourn Organizations: Service, Fox Business, Twitter Locations: Wall, Silicon, Jersey, Massachusetts

☆ You don't need to tip when you buy coffee, Shake Shack founder Danny Meyer says
▼ + stars: | 2023-07-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: 1 min

Restaurateur Danny Meyer doesn't think customers need to tip when they pick up takeout or buy coffee. Meyer founded Shake Shack and serves as chair of its board. He also founded Union Square Hospitality Group, which mostly operates full-service restaurants. The company's eateries include Union Square Cafe, Gramercy Tavern and fast-casual chain Daily Provisions. As more businesses adopt Square's and Toast's point-of-sale systems, customers are getting more used to being prompted to tip as they pay.

Persons: Danny Meyer, Meyer Organizations: Shake, Square Hospitality, Gramercy Tavern

☆ Halftime traders are buying these tech stocks, including one that just sank on earnings
▼ + stars: | 2023-02-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There were some buying opportunities in tech on Thursday, according to two "Halftime Report" traders. Ritholtz Wealth Management CEO Josh Brown bought a small position in DocuSign Thursday morning, ahead of its anticipated earnings report in early March. People were calling it a stay-at-home stock," Brown said on " Halftime Report ." If the stock tanks on its earnings report, he expects it's an opportunity to increase his position. Brown had purchased shares last week , anticipating a rally into earnings and potential drop after the report.

☆ Toast is a safe bet for growth, says Mizuho's Dan Dolev
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToast is a safe bet for growth, says Mizuho's Dan DolevDan Dolev, Mizuho senior analyst and managing director, joins 'Power Lunch' to discuss the profitability of Toast, the factor contributing to Toast's recession resistance, and how puts on the stock help reinforce resilience.

☆ Stocks making the biggest moves in the premarket: Ford, General Motors, Rivian and more
▼ + stars: | 2022-10-10 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Take a look at some of the biggest movers in the premarket:Ford (F), General Motors (GM) – UBS downgraded both automakers, cutting Ford to "sell" from "neutral" and downgrading GM to "neutral" from "buy." Ford slid 3.6% in the premarket while GM fell 3.5%. Rivian (RIVN) – Rivian shares tumbled 9% in the premarket after it recalled nearly all its vehicles to fix potential steering issues. Kraft Heinz (KHC) – Kraft Heinz rose 2% in premarket action after Goldman Sachs upgraded the food maker's stock to "buy" from "neutral." Merck (MRK) – Merck rose 2.7% in the premarket after Guggenheim upgraded the stock to "buy" from "neutral."

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