TOST Stock Recent News
TOST LATEST HEADLINES
Toast has a solid history of innovating in the restaurant tech space. The company has a long runway for future growth.
While Michael Burry undoubtedly pulled off one of the most masterful stock market maneuvers during the 2008 crisis with his ‘Big Short,' Burry's performance since has been checkered, albeit leaning toward successful.
Baidu is well positioned to profit from China's ever-expanding search advertising market. Toast is rapidly expanding in the restaurant industry, thanks to its comprehensive software platform, localized go-to-market strategy, and effective execution capabilities.
Toast's stock looks dramatically undervalued, trading 66% below its all-time high at just 3.3 times trailing sales. The addition of Caribou Coffee to Toast's client roster suggests that more big-name partnerships might follow.
Toast is a cloud-based platform for the restaurant industry that has climbed 34% since my initial "Buy" rating, with further upside ahead. The Company is gaining traction in new restaurant locations and expanding internationally, with 43% of customers using six or more product modules, with subscription revenue growing at the fastest pace. TOST continues to grow its margins, and while macroeconomic uncertainty remains, the company's stock is well positioned to see further upside.
Wall Street is warming up to Toast's restaurant operating system. Recent results and customer wins point to a bright future.
A better-than-expected earnings report for Q4 2023 was the main driver behind Toast's recent stock price rally. Toast's board has approved $250 million for share buybacks, signaling confidence in the company's future.
As a provider of mission-critical software for restaurants, Toast benefits from high switching costs. Toast continues to add new customers at a rapid clip, and has huge expansion potential.
Schaeffer's Weekend Trader subscribers are already seeing profits in March.
Ark Invest bought shares of Toast, Meta Platforms, and SoFi on Monday. Cathie Wood typically adds to her sinking positions, but Toast hit a seven-month high on Monday.