From Nasdaq:

The stock price of Toast (NYSE: TOST) has declined over 50% since its IPO in September 2021, significantly underperforming the market. However, there are indications that it may be a good buying opportunity as the company’s revenue rose by 37% year-over-year in the third quarter, reaching over $1 billion for the first time. Despite not being profitable yet, Toast’s profitability is improving, making it a potentially attractive investment. The company’s restaurant management system is streamlining operational efficiency, addressing a $2.3 trillion global foodservice market, and poised for significant growth.

With the stock trading at a modest 2.7 times trailing sales, there is a bargain opportunity for investors to take a closer look at Toast. Although it wasn’t one of the stock picks identified by The Motley Fool Stock Advisor analyst team, it’s essential to consider the long-term growth potential of Toast and its role in the future global giant.



Read more: 3 Reasons to Buy Toast Stock Like There’s No Tomorrow