TOST - Payment Tech Firm Toast Could Reach profitability In 2025: Goldman Sachs Upgrades Stock | Benzinga
Goldman Sachs analyst Will Nance upgraded the shares of Toast Inc (NYSE: TOST) to Buy with a price target of $24.
Investor sentiment remains very negative, as weaker ARPU and GPV trends have dominated investor conversations, says the analyst.
However, the analyst notes this is very well-telegraphed, short interest remains elevated, and the market is not accounting for what the analyst expects to be materially better profitability trends in 2024.
The analyst is incrementally less negative ...