Baird Downgrades Toast to Neutral, Maintains Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Koning has downgraded Toast (NYSE:TOST) from Outperform to Neutral while maintaining the price target at $28.
May 21, 2024 | 9:20 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Baird analyst David Koning downgraded Toast from Outperform to Neutral, maintaining the price target at $28. This downgrade may indicate a less optimistic outlook for the company's short-term performance.
The downgrade from Outperform to Neutral suggests that the analyst sees less potential for significant short-term gains in Toast's stock. Maintaining the price target at $28 indicates that the analyst does not expect the stock to move significantly higher or lower in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100