On Monday, Toast stock earned a positive adjustment to its Relative Strength (RS) Rating, from 61 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their biggest runs. See if Toast stock can continue to show renewed price strength and clear that threshold.
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Is Toast Stock A Buy?
Toast stock is building a consolidation with a 23.10 entry. See if the stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The fintech firm posted 0% EPS growth in its most recent report, while sales growth came in at 55%. The next quarterly results are expected on or around Feb. 14.
Toast stock earns the No. 17 rank among its peers in the Finance-Card/Payment Processing industry group. i3 Verticals Cl A and Mastercard are also among the group's highest-rated stocks.
