As of this writing, shares of Toast (NYSE: TOST) are up 22% this year alone. That gain crushes the broader Nasdaq Composite's 6% rise. Perhaps investors are starting to appreciate the favorable qualities that this restaurant software and service provider possesses.

This unstoppable growth stock is starting to heat up. But it remains 66% below its peak price, a high that was established in November 2021. Should you buy Toast shares and hold them forever?

Toast provides another example of how a business can use data, technology, and the internet to serve an otherwise boring and slow-moving industry. It serves the restaurant sector with cloud-based tools that help owners and operators better handle their operations.

Continue reading

Source Fool.com