Canaccord lowered the firm’s price target on Toast (TOST) to $37 from $54 and keeps a Buy rating on the shares. The firm said they posted another consistentquarter that doesn;t change their view on the story; this is a firm that’s taking share in its space, expanding TAMs, and investing to ensure durability while maintaining healthy margins.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TOST:
- Toast price target lowered to $42 from $51 at Citi
- Toast price target lowered to $40 from $50 at UBS
- Toast price target lowered to $35 from $45 at Jefferies
- Toast: Durable Growth, Strong Execution, and an Attractive Entry Point After Share Price Pullback
- Closing Bell Movers: DraftKings down 15% after earnings miss