Should You Buy This Supercharged Growth Stock That's Down 39% Right Now?
The stock market's impressive run over the past couple of years has lifted some businesses much more than others. For example, shares of one software-as-a-service (SaaS) company have surged 111% higher just in the past 12 months.That's not surprising, given the impressive trajectory this business is on. Yet even after that run, its shares still trade 39% below the peak they touched in November 2021. Is this still a good time to buy this supercharged growth stock?Toast (NYSE: TOST) has made a name for itself by catering specifically to the needs of the restaurant sector. With a comprehensive product and service assortment that ranges from point-of-sales devices and payroll management to marketing tools and working capital loans, it's a one-stop shop for the tools that managers and owners need to better run their operations.Continue reading
The stock market's impressive run over the past couple of years has lifted some businesses much more than others. For example, shares of one software-as-a-service (SaaS) company have surged 111% higher just in the past 12 months.
That's not surprising, given the impressive trajectory this business is on. Yet even after that run, its shares still trade 39% below the peak they touched in November 2021. Is this still a good time to buy this supercharged growth stock?
Toast (NYSE: TOST) has made a name for itself by catering specifically to the needs of the restaurant sector. With a comprehensive product and service assortment that ranges from point-of-sales devices and payroll management to marketing tools and working capital loans, it's a one-stop shop for the tools that managers and owners need to better run their operations.