This Growth Stock Has Market-Beating Potential
The elements of a growth stock can vary, but a central feature is its ability to generate better-than-average revenue growth over a sustained period of time. That definition places restaurant technology specialist Toast (NYSE: TOST) in this category, considering it grew revenue 60% year over year in 2022 and it expects to increase revenue about 37% in 2023. Toast is a growth stock with market-beating potential.
Now, some might disagree given that the company isn't profitable -- not even on an adjusted basis. However, beneath the surface, the metrics are trending in the right direction. And one in particular suggests Toast is about to blow investors' expectations away.
Toast's products are made especially for restaurants. It sells hardware products, including handheld point-of-sale devices. It also has a variety of cloud-based software modules for ordering, customer loyalty, supply chain management, and more.
Source Fool.com
