Mizuho Downgrades Toast to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Dan Dolev has downgraded Toast (NYSE:TOST) from Buy to Neutral and lowered the price target from $30 to $16.

October 02, 2023 | 8:44 am
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Toast has been downgraded from Buy to Neutral by Mizuho, with a lowered price target from $30 to $16.
The downgrade from Buy to Neutral by Mizuho indicates a less optimistic outlook for the company. The lowered price target from $30 to $16 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100