🔴 Toast is trading 4.3% down today amid broader software sector selling

Toast is trading 4.3% down at $28.68 in pre-market today, giving back a portion of the gains driven by last week's analyst upgrades.

• The decline appears tied to broader tech and software sector weakness, with software ETFs notably lower in pre-market trading.
• Macroeconomic concerns are pressuring higher-valuation growth names, despite a lack of fresh company-specific headlines or rating changes.
• The move follows a period of bullish momentum sparked by recent positive analyst reports.