Should You Buy Toast Stock? A Breakdown of Restaurant SaaS
Toast is expected to begin trading on the New York Stock Exchange Wednesday, Sept. 22, under the ticker TOST. It will be the latest in a long list of technology companies that have gone public over the past couple of years. In a nutshell, restaurants can run on Toast. The company is a one-stop shop offering point of sale, contactless ordering, hardware, online ordering and delivery, marketing, payroll and team management, and more. Toast is laser focused on helping restaurants be successful.
Toast has four revenue streams:
Toast competes with POS vendors such as Lightspeed Commerce (NYSE: LSPD) and Square (NYSE: SQ). Additionally, the company competes with Olo (NYSE: OLO) in online ordering and delivery. With that said, Toast and Olo also partner, and the solutions can be integrated using Olo Rails. Rails allow integration with food delivery apps such as DoorDash (NYSE: DASH), Uber Eats (NYSE: UBER), and GrubHub, which is formally Just Eat Takeaway.com (NASDAQ: GRUB).
Source Fool.com
