# Piper Sandler

Type: Company

Source: Retail Intelligence Brief — https://getretailbrief.com/entity/piper-sandler
Canonical HTML page: https://getretailbrief.com/entity/piper-sandler

## Timeline

- **2026-07-01**: Stephens reiterates Overweight rating — Stephens restated its Overweight rating and $40 price target, implying 8.78% upside.
- **2026-06-06**: Wall Street Zen upgrades to Hold — Wall Street Zen upgraded PZZA from Sell to Hold.
- **2026-05-18**: Weiss Ratings downgrades to Sell — Weiss Ratings downgraded Papa John's from Hold (c-) to Sell (d+).
- **2026-05-11**: Mizuho lowers target to $33 — Mizuho reduced its price objective from $34 to $33, rating the stock Neutral.
- **2026-05-08**: Piper Sandler cuts target, maintains Neutral — Piper Sandler lowered its price target on PZZA from $32 to $30 with a Neutral rating.
- **2026-05-08**: Benchmark cuts target, maintains Buy — Benchmark reduced its target from $50 to $45, keeping a Buy rating.

## Recent coverage (2 stories)

### Papa John's Overweight Call Sees 8.78% Upside—What It Means for QSR Retailers
2026-07-06 01:54:29 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Stephens reiterated an Overweight rating on Papa John's with a $40 target, signaling an 8.78% upside. The Hold consensus and mixed analyst views reflect retail headwinds for the pizza chain amid fierce QSR competition and shifting consumer spending.
Full story: https://getretailbrief.com/story/papa-johns-overweight-rating-8-78-upside-retail

### Toast Stock: 29% Upside as Piper Sandler Sees ‘Room to Run’ in 500-Location Deal
2026-06-22 09:33:19 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Piper Sandler launched coverage on Toast with an Overweight rating and $32 price target, citing the company’s enterprise deal with Hungry Howie’s and new market expansion. The cloud platform supports over 500 locations, signaling strong retail adoption and 29% upside potential.
Full story: https://getretailbrief.com/story/toast-overweight-rating-retail-tech-500-deal

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