Where Will Toast Stock Be in 3 Years?
It hasn't been easy at all to be a Toast (NYSE: TOST) shareholder. Since going public during a market boom in the fall of 2021, the stock has cratered. As of Dec. 15, it's 74% below its peak price. But that doesn't mean investors should completely avoid this restaurant-focused software and service business.
There are some favorable attributes that can't be ignored. Toast might've been a poor investment in the past, but over the next three years, it could be a winner. Here's why.
Toast's revenue went from $665 million in 2019 to $3.6 billion in the trailing 12 months. Clearly, rapidly rising sales are the most important aspect of this company's story right now. And it makes sense why.
Source Fool.com
