Toast Plummets 4.46% Amid Market Turmoil as Truist Upgrades Target Despite 310th-Ranked Volume

On August 1, 2025, Toast (TOST) fell 4.46% with a trading volume of $0.42 billion, ranking 310th in market activity. The stock’s decline occurred amid broader market volatility driven by a weak July jobs report and new tariff announcements, which heightened concerns over economic slowdowns and potential interest rate cuts.

Truist Financial Corporation (TFC) raised its price target for Toast from $48 to $50 on July 22, maintaining a "Buy" rating. The firm highlighted optimism for the FinTech sector, citing strong earnings expectations and strategic growth potential. Despite this upgrade, Toast shares underperformed, reflecting broader market headwinds rather than sector-specific weakness. Analysts emphasized that Truist’s action underscores confidence in Toast’s long-term positioning within the fintech landscape.

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