RBC Capital Initiates Coverage On Toast with Sector Perform Rating, Announces Price Target of $19
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Daniel Perlin has initiated coverage on Toast, Inc. (NYSE:TOST) with a 'Sector Perform' rating and set a price target of $19.
January 31, 2024 | 11:10 am
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NEUTRAL IMPACT
RBC Capital has initiated coverage on Toast with a 'Sector Perform' rating and a price target of $19, which may influence investor sentiment.
The initiation of coverage by RBC Capital with a 'Sector Perform' rating suggests a neutral outlook, which typically does not have a strong impact on stock price in the short term. The price target of $19 provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Toast. The importance is moderate because analyst ratings can influence investor sentiment and stock performance, but the 'Sector Perform' rating is neutral. The confidence level is high due to the clear and direct nature of the analyst's rating and price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100