Goldman Sachs Maintains Buy on Toast, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has reaffirmed a Buy rating on Toast (NYSE:TOST) and increased the price target from $16 to $24.
January 11, 2024 | 1:47 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Toast and raises the price target to $24, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100