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Is Toast Stock a Buy Now?

TheMotleyFool

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Is Toast Stock a Buy Now?: https://g.foolcdn.com/editorial/images/757005/three-women-drinking-cola-restaurant.jpg

Toast (NYSE: TOST) has taken investors on a wild ride since its IPO in Sept. 2021. The provider of cloud-based restaurant management services went public at $40, and its stock eventually hit an all-time high of $65.22 in Nov. 2022.

But today Toast trades at about $15. The bulls lost interest in the company as its growth slowed, it racked up losses, and rising interest rates compressed its valuation. Should investors still buy a few shares of this burnt-out growth stock today?

Image source: Getty Images.

Source Fool.com

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