TOST - Toast: Don't Miss The Opportunity To Buy This Dip
2024-06-09 08:17:24 ET
Summary
- Despite initially rising post-Q1 earnings in early May, Toast has given up all of these gains in recent stock market volatility.
- The company raised its adjusted EBITDA expectations for the year by more than 20%.
- Toast is expanding its product offerings to suit multi-location enterprise customers, which will help to stabilize its ARR base.
- Toast continues to address a $110 billion TAM in the U.S. alone, and it's just beginning to expand in its first few overseas markets.
The word to describe the stock market over the past few months is "moody." This is especially true of small/mid-cap growth stocks, which have seen elevated volatility as investors weighed the fate of interest rate cuts and its impact on valuations....
Toast: Don't Miss The Opportunity To Buy This Dip