5 Best Mid-Cap Growth Stocks To Buy Now

4. Toast Inc (NYSE:TOST)

Number of Hedge Fund Investors: 46

Cloud-based restaurant management software company Toast Inc (NYSE:TOST) ranks 4th in our list of the best mid-cap growth stocks to buy now according to hedge funds.

Baird Equity Research in November upgraded the stock to Outperform from Neutral.

As of the end of the third quarter of 2023, 46 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Toast Inc (NYSE:TOST). The most significant stakeholder of Toast Inc (NYSE:TOST) was Mick Hellman’s HMI Capital which owns a $269 million stake in Toast Inc (NYSE:TOST).