Evercore ISI upgrades Toast rating to 'outperform'

Evercore ISI upgrades stock rating on restaurant point-of-sale and management system Toast TOST.N to "outperform" from "in-line"

Brokerage says co's recent price increases appear 'surgical' — significant enough to be meaningfully additive to revenue, yet not high enough to materially impact customer churn, and as a result, they are supportive of growth but not its primary driver

Shares of co marginally down in premarket trading

"We believe the majority of new growth vector adds will come from international, with enterprise and retail lagging, given longer sales cycles and product development requirements"- brokerage

28 analysts rate the stock "buy" on average; median PT is $45 - data compiled by LSEG

As of last close, TOST down ~9% in the past 12 months