Toast: Growing Customer Adoption And Expanding Margins Will Likely Drive Impressive Returns
Toast(TOST) Seeking Alpha·2024-01-17 08:53SasaJo/iStock via Getty ImagesIntroduction and Investment Thesis Toast (NYSE:TOST) is an all-in-one cloud-based platform that powers the restaurant industry. Although the company operates in a large TAM with an innovative product portfolio, the company has seen its revenue growth slowdown in 2023. While the management has pointed to overall macroeconomic headwinds, the company has taken active measures to improve overall profitability. While the stock has severely underperformed the S&P 500 and the Nasd ...