DoorDash POS Push Threatens Toast as Analyst Cuts Stock to Neutral After 2-Year Buy
Updated
Updated · Bloomberg · May 12
DoorDash POS Push Threatens Toast as Analyst Cuts Stock to Neutral After 2-Year Buy
1 articles · Updated · Bloomberg · May 12
Rothschild & Co Redburn analyst Dominic Ball downgraded Toast to neutral from buy, saying DoorDash’s expected next expansion could hit restaurant software and payments providers.
DoorDash is seen rolling out in-store point-of-sale technology that would compete directly with Toast’s existing restaurant software, widening its reach beyond delivery.
Ball had rated Toast a buy since 2024, making the downgrade a notable shift in his view as competitive pressure from DoorDash builds.
Can Toast’s strong growth defend its turf against delivery giant DoorDash’s new tech ambitions?
Is DoorDash's move the first sign that large platforms will dominate all small business software?