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The firm’s analyst noted that despite competitive pressures, Toast’s standing in the market remains strong or has even slightly improved. This assessment follows recent developments including a new partnership with Choice Hotels (NYSE:CHH), which was previously a customer of Shift4, adding Caribou Coffee as a new enterprise customer, and the expansion of Toast’s presence to 1,000 international locations.
These strategic moves are seen as evidence of Toast’s successful execution of its hospitality, enterprise, and international growth initiatives. The addition of notable customers and expansion into international markets are key factors contributing to the optimistic outlook on the company’s performance.
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