JPMorgan analyst Tien-tsin Huang lowered the firm’s price target on Toast (TOST) to $43 from $52 and keeps a Neutral rating on the shares. The company showed strong exaction in Q3’s “beat and raise” quarter, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TOST:
- Toast Inc’s Strong Performance and Strategic Growth Initiatives Justify Buy Rating
- Toast Inc: A Compelling Investment Opportunity with Strong Growth Potential and Undervalued Stock
- Toast price target raised to $56, named a Top Pick at Morgan Stanley
- Toast price target lowered to $45 from $54 at Jefferies
- Toast price target lowered to $50 from $55 at UBS