Toast Stock: Buy, Sell, or Hold?
You may have to thank Toast (NYSE: TOST) -- at least partially -- for your latest great restaurant meal. The company isn't doing the cooking, but it is helping 99,000 restaurants improve the dining experience for guests. The cloud-based software platform offers restaurants help with everything from menu management to digital ordering and delivery.
Toast completed its initial public offering (IPO) in September of 2021 and has since gone on to increase its number of clients, broaden its offerings across the industry, and lift revenue. But shares of this growing business have not yet brought early investors great returns. In fact, investors may feel more burned than a forgotten piece of toast in their toasters as the stock has lost about 75% since its IPO. Considering Toast's strong and weak points, is the stock a buy, a sell, or a hold right now? Let's find out.
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Source Fool.com
