13 Best Growth Stocks Under $50 to Buy Now

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4. Toast, Inc. (NYSE:TOST)

Stock Price: $41.22

Number of Hedge Fund Holders: 67

Toast, Inc. (NYSE:TOST) is one of the best growth stocks under $50 to buy now. In a report released on August 13, Dominick Gabriele from Compass Point maintained a Buy rating on Toast, Inc. (NYSE:TOST) with a price target of $52.00.

Similarly, UBS analyst Timothy Chiodo also maintained a Buy rating on the stock on August 7, setting a price target of $55.00.

In another report released on August 6, Needham also reiterated bullish sentiments for Toast, Inc. (NYSE:TOST) and set a $60.00 price target.

Toast, Inc. (NYSE:TOST) has a consensus rating of Moderate Buy, and its median price target of $40.38 implies an upside of 26.30% from current levels.

Toast, Inc. (NYSE:TOST) develops and provides consumer payment applications for restaurants, offering kiosks, terminals, guest-facing displays, and system accessories. The company’s offerings also include reporting and analytics, point of sale, kitchen display system, and online ordering and delivery.

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