3 Reasons to Buy Toast Stock Like There's No Tomorrow
Since going public at $40 per share in September 2021, Toast's (NYSE: TOST) stock price has significantly underperformed the market. It has declined over 50% from its IPO valuation, while the S&P 500 (SNPINDEX: ^GSPC) index gained 6% in the same span. In its first year as a public company, Toast's share price fell as much as 70% in 2022 amid a volatile market environment -- especially for high-growth stocks with minimal profits -- and stayed down while many other beaten-down stocks soared.
But one shareholder's nervous sale can be another investor's buying opportunity. In this case, the provider of cloud-based business tools for every type of restaurant is poised to perform from this bargain-bin starting point.
Let me show you the three best reasons to consider adding some Toast stock to your portfolio today.
Source Fool.com
