3 Reasons to Buy Toast Stock Like There's No Tomorrow

Since going public at $40 per share in September 2021, Toast's (TOST 1.26%) stock price has significantly underperformed the market. It has declined over 50% from its IPO valuation, while the S&P 500 (^GSPC 0.18%) 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 ...