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Toast Stock Is Up 45% This Year. Can the Rally Keep Going?

TheMotleyFool

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Toast Stock Is Up 45% This Year. Can the Rally Keep Going?: https://g.foolcdn.com/editorial/images/783828/restaurant-worker-taking-reservations-1200x800-5b2df79.jpg

Toast (NYSE: TOST) has quickly emerged as a leader in the digital transformation of the restaurant industry.

While the stock got off to a sour start following the company's 2021 initial public offering -- declining by more than 75% from its peak -- the latest trends suggest this tech player has finally found a recipe for success. Strong operational momentum and an improving earnings outlook have fueled an impressive 45% stock price rally this year.

With shares trading near a 52-week high, could shares of Toast still make an appetizing addition to your portfolio?

Source Fool.com

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