Toast price target raised to $54 from $48 at Canaccord

Canaccord raised the firm’s price target on Toast (TOST) to $54 from $48 and keeps a Buy rating on the shares. The firm noted they beat high expectations going into results with a highlight during the quarter securing another notable enterprise win in the period, this time securing Firehouse Subs and its 1,300 locations (which includes payments), building on the 1,500-location win with Applebee’s last quarter.