Wells Fargo sees significant opportunity ahead for Toast

Wells Fargo analyst Jeff Cantwell maintained an Overweight rating and $27 price target on Toast following a call with an industry experts who believes Toast has a "significant opportunity ahead" in a resilient restaurant space, highlighting the company’s technology as a way for restaurants to lower their employee headcounts while maintaining a positive guest experience. They called Toast the "best-in-class" solution, as Toast has the best understanding of how to serve the day-to-day operations of the restaurant industry.