Jefferies lowered the firm’s price target on Toast (TOST) to $45 from $54 and keeps a Buy rating on the shares. Q3 was “stellar,” Q4 EBITDA guidance wrapped consensus, and beyond the numbers the firm believes management addressed key debates, which “should shore up investor confidence,” the analyst says in a post-earnings note.
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Read More on TOST:
- Toast price target lowered to $50 from $55 at UBS
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- Toast reports Q3 adjusted EBITDA $176M vs. $113M last year