Toast stock rises after partnership with Alphabet's GOOG

Toast stock rises after partnership with Alphabet's GOOG

Toast Inc. shares of TOST are trading higher after the company announced it has teamed up with Alphabet Inc.'s GOOG Google to launch a new ordering channel.

What Happened: Toast has released a new Order with Google integration that allows restaurants to use Toast online ordering to unlock a new channel for more orders. Order with Google is fully integrated with Toast Point of Sale.

We are thrilled to collaborate with Google to help Toast customers maximize their online presence and take control of their ordering channels. As restaurants grow their takeout and delivery business, this integration will increase Toast customers' visibility through Google Search and Maps, with ordering made easy for guests, said Aman Narang, co-founder and COO of Toast.

The new Google integration will allow restaurants to take control of takeout and delivery through new channels, manage ordering with seamless integrations and offer a seamless guest experience.

Toast is a U.S. based restaurant technology company that provides point-of-sale, payment processing and various software services to thousands of restaurant locations across the U.S.

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TOST Price Action: Toast has a 52 week high of $30.60 and a 52 week low of $11.91.

The stock was up 3.31% at $24.03 at the time of publication, according to Benzinga Pro.