5 Best Software Infrastructure Stocks to Buy Now

In this article, we will list the 5 Best Software Infrastructure Stocks to Buy Now. Please visit 9 Best Software Infrastructure Stocks to Buy Now if you would like to see the extended list and the methodology behind it.

5. Toast, Inc. (NYSE:TOST)

Number of Hedge Fund Holders: 68

On April 22, TheFly reported that BMO Capital started coverage on Toast, Inc. (NYSE:TOST) with an Outperform rating and a price target of $35. In a research note, the analyst says the recent market pullback calls for an emphasis on category leaders with solid moats that are resilient to AI disruption and intensifying competition.

Given this landscape, Toast, Inc. (NYSE:TOST) differentiates itself through unique growth catalysts that underpin its long-term growth momentum, the firm added. As stated by it:

“Under this framework, we believe TOST stands out, supported by idiosyncratic growth drivers that have yet to fully materialize.”

The company’s financial standing reinforces the firm’s view. With an impressive quarterly earnings growth (YoY) of 215.60% and an ROE (ttm) of 18.64%, Toast, Inc. (NYSE:TOST) is considered one of the best software infrastructure stocks to buy now. Out of the 32 analysts covering the stock, 66% have a bullish take, and the remaining 34% are neutral.

Toast, Inc. (NYSE:TOST) is a Massachusetts-based operator of a cloud-based digital technology platform. Incorporated in 2011, the company offers a range of products and services, including SaaS for restaurant operations, conversational AI, online ordering, and vendor management.