3 Reasons to Buy Toast Stock Like There's No Tomorrow
Because it doesn't sell consumer-facing products and services, many people might not be familiar with Toast (NYSE: TOST), which views itself as the operating system of the restaurants that it serves. The business sells point-of-sale hardware solutions and offers various software and service tools for accepting payments, managing payroll, setting up loyalty programs, and making loans that all make it easier to manage a restaurant location.
Shares of this SaaS enterprise are currently trading 72% below their all-time high. But don't let the market's punishment discourage you. Here are three reasons you should consider buying Toast like there's no tomorrow.
Ever since Toast was founded in 2012, its growth has been jaw-dropping. Revenue in the third quarter of 2023 (ended Sept. 30) was up 37% year over year, and it was 112% higher than the same period two years ago. Despite macroeconomic headwinds like higher interest rates and inflationary pressures, Toast continues expanding at a brisk pace.
Source Fool.com
