Analysts on Wall Street Lower Ratings for These 5 Stocks

In this article, we discuss the 5 stocks receiving downgrades from analysts. If you want to see more such stocks on the list, go directly to Analysts on Wall Street Lower Ratings for These 10 Stocks.

05. Toast, Inc. (NYSE:TOST)

Price Reaction after the Downgrade: -0.41 (-2.19%)

On October 2, Mizuho recently adjusted its perspective on Toast, Inc. (NYSE:TOST), downgrading the company from Buy to Neutral and significantly revising the price target from $30.00 to $16.00. In light of this modification, Toast, Inc. (NYSE:TOST) current market valuation is $18.32, reflecting a decline of 2.2%. This downgrade by Mizuho prompts a deeper examination of the factors contributing to the revised outlook on Toast, Inc. (NYSE:TOST). The shift from a Buy to a Neutral recommendation suggests a reevaluation of the company’s growth prospects and market dynamics. The substantial reduction in the price target indicates Mizuho’s revised assessment of the intrinsic value of Toast, Inc. (NYSE:TOST), signaling potential concerns or shifts in the company’s fundamentals. In conjunction with the downgrade, the current market price of $18.32 underscores the immediate impact of analyst recommendations on investor sentiment and market performance.