TOST - Toast's CEO and Chair Transition Unlikely to Affect Investors Analyst Says | Benzinga
Piper Sandler analyst Brent Bracelin reiterated Toast Inc (NYSE: TOST) with an Overweight and a $27 price target.
This morning, TOST announced a management transition plan where CEO Chris Comparato will transition to a board role in January 2024, and current COO and Co-Founder Aman Narang will become CEO. Additionally, effective January 2024, Mark Hawkins will become Chairman of the Board. While the transition is a surprise, based on Narang's history in a sales operations role as a co-founder, he does not expect investor sentiment on Toast to be meaningfully affected.
COO ...