Analysts offered their views on Toast, Inc (NYSE:TOST) post Q1 results. Credit Suisse analyst Timothy Chiodo had a Neutral rating with a price target of $22.
Toast reported record vital location adds of >5k (vs. consensus of 4k), with management confidence that this level can persist. Net take rate ~51bps (vs. Street ~44bps), which management suggested benefited from strong CNP and debit mix and cost optimizations, with management stating that they can sustain this level for the near term.
