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Top related persons:
Rayna Kumar - 2 Kumar - 2 — CNBC's Michael Bloom - 2
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UBS - 2 omni - 1 Block - 1 Gross - 1

Search resuls for: "Rayna Kumar"


2 mentions found


☆ 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
☆ UBS downgrades this digital payments stock, slashes price target
  + stars: | 2023-09-06 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +1 min
There's limited upside potential ahead for Block as a softening consumer discretionary spending outlook will likely slow down gross profit growth for the Square and Cash App parent, according to UBS. Analyst Rayna Kumar downgraded shares to neutral from buy. The new price target implies just 10.4% upside from where shares closed on Tuesday. "With a lack of catalysts in sight, and re-acceleration of gross profit growth unlikely, we see limited upside potential," Kumar said in a Wednesday note. Intensifying competition is also driving pricing lower for Square's business, contributing to deceleration of gross profit growth, according to Kumar.
Persons: Rayna Kumar, Kumar, — CNBC's Michael Bloom Organizations: Block, UBS, Gross
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