Hedge Funds are Buying These 5 Stocks for the Rest of 2021

3. Toast, Inc. (NYSE:TOST)

Number of Hedge Fund Holders in Q3: 38  

Number of Hedge Fund Holders in Q2: 0  

Toast, Inc. (NYSE:TOST) runs a cloud-based technology platform for the restaurant industry. The company debuted on the market in September this year, pricing the IPO at $40 per share for a $20 billion evaluation. The IPO was a roaring success. 

On November 10, investment advisory Canaccord raised the price target on Toast, Inc. (NYSE:TOST) stock to $64 from $60 and kept a Buy rating. Analyst David Hynes issued the ratings update.

At the end of the third quarter of 2021, 38 hedge funds in the database of Insider Monkey held stakes worth $567 million in Toast, Inc. (NYSE:TOST).