TOST - Should You Buy This Unstoppable Growth Stock and Hold Forever?
2024-04-19 07:30:00 ET
As of this writing, shares of Toast (NYSE: TOST) are up 22% this year alone. That gain crushes the broader Nasdaq Composite 's 6% rise. Perhaps investors are starting to appreciate the favorable qualities that this restaurant software and service provider possesses.
This unstoppable growth stock is starting to heat up. But it remains 66% below its peak price, a high that was established in November 2021. Should you buy Toast shares and hold them forever?
Toast provides another example of how a business can use data, technology, and the internet to serve an otherwise boring and slow-moving industry. It serves the restaurant sector with cloud-based tools that help owners and operators better handle their operations.
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Should You Buy This Unstoppable Growth Stock and Hold Forever?