From Nasdaq: 2025-01-04 18:41:00

In 2024, Toast (NYSE: TOST) saw its stock price surge by 100%, outperforming the S&P 500 index. Revolve (NYSE: RVLV) and On Holding (NYSE: ONON) also doubled in value last year, climbing 102% and 103% respectively. The surge in these lesser-known companies was fueled by improved financials and strong revenue growth.

Toast’s profitability improved significantly in 2024, with a net loss decreasing from $231 million to just $13 million in the first three quarters. Revolve, known for its digital-first fashion approach, saw a 10% jump in revenue in Q3, reigniting investor interest. On Holding capitalized on the shift to direct-to-consumer channels, with net sales up 27% in 2024.

While Revolve and On have shown impressive growth, Toast stands out as a top pick for 2025 and beyond. With a market saturation that is set to drive further growth, Toast is poised for sustained success in the coming years. As the company gains more traction in the market, profitability is expected to increase, offering significant upside potential for investors.



Read more at Nasdaq: These 3 Stocks Doubled in 2024. Here’s the Best One for 2025