Toast (NYSE: TOST), Roku (NASDAQ: ROKU), and Bumble (NASDAQ: BMBL) are three companies that tried to breathe new life into established markets that were growing stale. You probably don't have to try too hard to think of the last time that you settled up your restaurant bill by interacting with a Toast point-of-sale reader. Toast is gaining market share, and that's not changing anytime soon.
Cathie Wood began 2023 with a bang. Wood added to her existing stakes in Toast (NYSE: TOST), Unity Software (NYSE: U), and The Trade Desk (NASDAQ: TTD) on Friday, part of the five established positions that she was buying. Toast has given its investors some indigestion this month.
The value proposition of Toast (NYSE: TOST) continues to draw restaurants and investors alike. The fintech company's focus on the restaurant industry's specialized needs has made it competitive against larger companies like Block, which has sought to become the fintech company of choice for businesses. Despite that history, the fintech stock likely deserves a closer look, and here's why.