DoorDash Poses Disruption Risk to Payments Firms, Analyst Says
A delivery worker carries a DoorDash bag in New York.
Photographer: Yuki Iwamura/BloombergAn expected point-of-sale technology rollout from DoorDash Inc. is poised to deal a blow to payments firms such as Toast Inc., according to Rothschild & Co Redburn’s Dominic Ball.
Ball cut the recommendation on Toast’s stock to neutral from buy, saying he expects DoorDash’s next expansion to involve in-store restaurant technology set to rival existing software from Toast and other payments-related companies. Ball has had a buy rating on Toast since 2024.