Truist analyst Matthew Coad lowered the firm’s price target on Toast (TOST) to $43 from $47 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s models on Payments names after their Q3 results. The firm is reducing its adjusted EBITDA and adjusted EPS forecasts to the mid-single-digit range for both 2026 and 2027 due to management’s plans to double down on investments in their new verticals, the analyst tells investors in a research note.
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