Three tech firms worth watching, according to analysts
Technology companies have long dominated the market and attracted investor attention due to their growth potential. Although we often talk about the big players such as members of the so-called "Big Seven", there are other technology stocks that show interesting long-term potential.
This article will therefore show you three companies that analysts believe have a solid foundation for growth 👇
Toast $TOST
Toast operates a cloud-based restaurant management platform that offers owners a wide range of tools from ordering to loyalty programs. The company is quickly gaining popularity for its ability to simplify restaurant operations.
Between 2021 and 2023, the company's revenue more than doubled from $1.7 billion to $3.9 billion. Positive cash flow improved from negative $17 million in 2021 to $93 million in 2023.
Toast plans to expand globally, and there is still a huge space in the market - there are roughly 875,000 restaurants in the US, while the global addressable market is up to 15…