Jim Cramer on Toast Stock: “You Got a Good One There”

Toast, Inc. (NYSE:TOST) is one of the 11 stocks that Jim Cramer recently commented on. Highlighting that the stock is a favorite of Josh Brown, CEO of Ritholtz Wealth Management, a caller inquired about the company, Cramer stated:

“Oh, I know that Josh likes that. Now. I like Toast too, because I was in the restaurant business. I thought it was a commodity, it’s proprietary. They’re taking out the whole world by storm. You got a good one there…”

Jim Cramer on Toast Stock: "You Got a Good One There"

An aerial shot of a computer server station, highlighting the company’s focus on cloud-based technology.

Toast (NYSE:TOST) provides a cloud-based platform tailored for the restaurant industry, and it offers tools for point-of-sale, operations, team management, accounting, and financial technology to streamline and enhance restaurant management. It is worth noting that over the past year, TOST stock gained more than 68%. Additionally, in January 2024, when Cramer was asked about the company during the lightning round, he remarked, “We got to see them make money. If they make money, then I am on board. Not until then.”

While we acknowledge the potential of TOST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.