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Where Will Toast Stock Be in 1 Year?

TheMotleyFool

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Toast's (NYSE: TOST) stock more than doubled over the past 12 months but remains nearly 40% below its all-time high from November 2021. Investors embraced the cloud-based restaurant services provider again as its growth rates stabilized, but elevated interest rates prevented the stock's valuations from rising back to their bubbly levels of 2021.

Will Toast's stock continue to rise over the next 12 months? Below, I'll review its business model, growth rates, and valuation to decide.

Image source: Getty Images.

Source Fool.com

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