The screen displays the toast Inc. logo. During the first public offer of the company on the New York Stock Exchange in New York on September 22, 2021.
Brendan McDermid Reuters
Economic fears generally hit the stock market, but have a great impact on fintech companies, which are closely related to consumer expenditure and small and medium -sized companies.
While Nasdaq fell on Thursday by 2.1%, putting a heavy index of technology in the worst week from September, actions Shift4IN Toast AND Bill.com He suffered much more steep declines, losing 6.7%, 6.2%and 4%, respectively.
President Donald Trump The disconnected implementation of his commercial policy, especially with threats of tariffs that change during the day, this month marked the markets. On Thursday, the Secretary of Treasury Scott Bessent said CNBC “Squawk on the street” that Trump's administration is more concentrated About the long -term health of the economy, adding that “he is not worried about a bit of volatility within three weeks.”
FinTech shares are usually more unstable than traditional banks and lenders, because investors jump when risk tolerance is high and they come out when the mood becomes more conservative. Barclays predicts This higher tariff policy of President Trump may reduce US GDP and increase inflation in the near future, which caused an additional reduction in interest rates this year.
Shift4, which provides payment processing technology, dropped by 19% this year after Thursday's slide, almost double losses in Nasdaq and more than three times the S & P 500 decrease. Actions fell by 17% in one day in February after the company released A forecast that is subject to analysts' estimates.
At the same time as a report from earnings, Shift4 announced that it is so buying Payments Global Blue platform for the capital value of USD 1.5 billion, which is equal to about one -fifth of the current market capitalization shift4. Analysts from Da Davidson reduced the target price of SHIFT4 at transactions to USD 124 from USD 140 “to reflect the risk of integration and financial lever”.
Toast, whose payment technology is popular in restaurants and cafes, had a gloomy month, falling so far 15% in March, compared to a decrease of 8% NASDAQ. Business Reported In February in February, better than expected results, but supplies fell anyway.
After doubling market capitalization last year and a great assassination of profitability, analysts from Piper Sandler said that toast now has a “difficult task at the top of 2024”
The competitive FINTECH landscape leads to increased control around margins and sustainable growth development. Confirmwhich you buy now, later loan products are in the face of an increase in competition, fell on Thursday by almost 4%, bringing a loss of shares for a year to 23%.
Bill.com Provides software for expenses and expenses of many small companies. The company fought to regain its position after a brutal sales after gain, in which shares fell by 36% in the case of poor tips. The actions fell by another 4% on Thursday and fell by almost half in 2025.
