Toast shares are trading lower after Goldman Sachs maintained a Neutral rating on the stock and lowered its price target from $26 to $21.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has maintained a Neutral rating on Toast Inc's stock and lowered its price target from $26 to $21. This has led to a decrease in the trading price of Toast shares.
October 12, 2023 | 6:00 pm
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Goldman Sachs has lowered its price target for Toast Inc from $26 to $21 while maintaining a Neutral rating, leading to a decrease in the stock's trading price.
Goldman Sachs' lowered price target indicates a less optimistic outlook for the stock, which can negatively impact investor sentiment and lead to a decrease in the stock's trading price. The maintained Neutral rating suggests that the stock is expected to perform in line with the market or sector average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100