5 Best Affordable Stocks To Buy Now

4. Toast Inc. (NYSE:TOST)

Share Price as of December 17: $18.76

Number of Hedge Fund Holders: 48

Toast Inc. (NYSE:TOST) is a cloud-based restaurant management software company that provides an all-in-one point of sale system built on the Android operating system. Its range of hardware options and features make it easy to accept, manage and track food orders.

Wells Fargo analyst Jeff Cantwell maintained an Overweight rating and $27 price target on Toast Inc. (NYSE:TOST) following a call with industry experts on December 16 who believe that Toast has a “significant opportunity ahead” in a resilient restaurant space. Hailed as the “best-in-class” solution, they believe Toast has the best understanding of how to serve the day-to-day operations of the restaurant industry.

By the end of Q3 2022, 48 hedge funds held stakes in Toast Inc. (NYSE:TOST). The total value of these stakes came in at $1.52 billion, up from $1.22 billion in the previous quarter with 40 positions.