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Is Toast Stock a Buy Now?

Is Toast Stock a Buy Now?

Toast (NYSE: TOST) has taken investors on a wild ride since its IPO in Sept. 2021. Toast's cloud-based platform for restaurants bundles together guest-facing and kitchen displays, payment processing devices, receipt printers, and add-ons for managing online orders, reservations, loyalty plans, and payroll services. Toast's platform was installed across about 99,000 locations by the end of the third quarter of 2023, more than double the 48,000 locations it was serving at the time of its IPO.