JP Morgan Maintains Neutral on Toast, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains a Neutral rating on Toast (NYSE:TOST) but raises the price target from $25 to $28.
August 20, 2024 | 2:53 pm
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JP Morgan has maintained its Neutral rating on Toast but increased the price target from $25 to $28, indicating a positive outlook on the stock's potential.
The increase in price target from $25 to $28 suggests that JP Morgan sees potential upside in Toast's stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell signal, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100