From Nasdaq:

Despite a lackluster 2023, Toast is still performing well. Restaurants using their point-of-sale devices has been rising. The company has been signing on more restaurants, holding a location count of 99,000. They have also been doing excellent in growing the ARR, increasing it by 40% last quarter. As the company works on improving their margins, strong growth potential remains. Economic recovery may bode well for the future of Toast’s stock. With the potential to be an excellent investment for the long haul, the business is showing signs of value. However, potential investors may want to consider a broader range of stocks for investment in 2024.



Read more: 3 Reasons Toast’s Stock Could Soar Higher in 2024 (and 1 Reason It Might Struggle)