Wells Fargo Maintains Underweight on Toast, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has maintained an Underweight rating on Toast (TOST) but raised the price target from $17 to $19.
May 08, 2024 | 2:59 pm
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Wells Fargo maintains an Underweight rating on Toast, Inc. but increases the price target from $17 to $19.
While the Underweight rating suggests a cautious view on Toast's stock, the increase in price target from $17 to $19 indicates a slightly more optimistic outlook on the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100