If you're in the restaurant business, you may well have heard of Toast (NYSE: TOST). The company provides a range of software-as-a-service products and financial solutions for restaurants. The goal: allowing owners and operators to better manage their locations via a digital toolkit that allows for smooth functioning and minimal disruption. In other words, Toast aims to be a restaurant's all-in-one operating system.

However, the growth tech stock hasn't really taken very good care of its shareholders. It's down 66% from its all-time high. On the bright side, the stock has climbed 56% in the last three months. Could it continue this newfound momentum over the next few years? Let's take a closer look.

While macro headwinds persist, Toast keeps registering impressive growth as it captures what management believes is a $55 billion domestic market opportunity. The company added 6,500 restaurant locations to its customer base in the last three months of 2023, bringing the total to 106,000. Given that there are 860,000 restaurants in the U.S., there is still huge potential to bring on more clients.

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Source Fool.com