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.

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Source Fool.com