Goldman Sachs Upgrades Toast to Buy, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has upgraded Toast (NYSE:TOST) from Neutral to Buy and set a price target of $24.

January 10, 2024 | 9:55 am
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POSITIVE IMPACT
Goldman Sachs upgraded Toast to Buy and set a price target of $24, indicating a positive outlook for the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or market conditions for the company. The upgrade from Neutral to Buy by a reputable firm like Goldman Sachs, coupled with a specific price target, can instill confidence in investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100