OLO - Better Buy for 2022: Olo vs. Toast
For the most part, restaurants have been slow adopters of technology. While this has not affected businesses terribly for the past decade, the consequences of delayed adoption are starting to catch up with them. With complex operational processes like delivery and digital order integration, technology is becoming more of a necessity in the restaurant world.
Toast (NYSE: TOST) and Olo (NYSE: OLO) are the leaders in this push for a technology-centric restaurant operation, and both are doing so with impressive adoption. With restaurant sales expected to grow past $1.1 trillion by 2024, there is no shortage of opportunities for either business. But which stock is a better buy today?
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Better Buy for 2022: Olo vs. Toast