Keefe, Bruyette & Woods Initiates Coverage On Toast with Market Perform Rating, Announces Price Target of $25
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Sanjay Sakhrani initiates coverage on Toast (TOST) with a Market Perform rating and a price target of $25.
April 09, 2024 | 10:31 am
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NEUTRAL IMPACT
Toast receives a Market Perform rating and a $25 price target from Keefe, Bruyette & Woods.
The initiation of coverage by Keefe, Bruyette & Woods with a Market Perform rating and a $25 price target is a neutral signal for Toast's stock. It suggests that the analyst sees the company performing in line with the broader market, which may not significantly move the stock price in the short term. However, the establishment of a price target provides a benchmark for investors, potentially stabilizing the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100