Hey, everyone! So, exciting news for 2024! Analysts at Baird have just named Toast (NYSE: TOST) as one of their top picks in the financial-technology space for the year ahead. Can’t wait to see how this unfolds! OMG, you guys! The team’s pick was totally on point! 🎉 OMG, you guys! Toast’s shares skyrocketed by 100% in 2024, totally crushing the S&P 500 index! Can you believe it? 🔥📈
Guess what? Toast wasn’t the only stock that totally skyrocketed in value in 2024! 🚀✨ OMG, can we talk about how shares of Revolve (NYSE: RVLV) and On Holding (NYSE: ONON) totally skyrocketed last year? They both doubled, with a jaw-dropping climb of 102% and 103%! How amazing is that?!
OMG, you guys! Can we talk about how there are actually so many stocks that totally doubled or even more in 2024? It’s wild! 💥📈 I’m totally vibing with the idea of grouping Toast, Revolve, and On together! These three underrated gems are making some serious waves with their impressive gains. Love to see it! Let me break down why this trio is on the rise and share my thoughts on which one I think is the ultimate long-term stock investment!
1. Toast
Back when interest rates were at rock bottom, investors were totally chill about profitability because borrowing money was basically a no-brainer! 💸 As interest rates have risen in recent years, investors have definitely started to feel a bit anxious about a company’s bottom line! So, here’s the scoop on Toast, the restaurant tech company! They faced some serious challenges with a net loss of $275 million in 2022 and $246 million in 2023. Yikes! OMG, you guys! Things have totally turned around in 2024, and the investor community is feeling super positive! 🎉
Hey everyone! So, here’s a quick update on Toast’s performance this year! They’ve only seen a net loss of $13 million in the first three quarters of 2024, which is a huge improvement from the $231 million loss during the same time last year. Progress is definitely happening! 💪✨ So, here’s the scoop: The company’s revenue has skyrocketed, and guess what? Management has been super savvy about keeping those operating expenses in check. Love to see it!
Let’s be real, there are so many operating expenses out there, and it seems like Toast hasn’t given them all the same level of attention! On the flip side, their investment in sales and marketing is on the rise, showing a fantastic 14% increase already in 2024! OMG, you guys! Can we talk about how their general and administrative expenses are down a whopping 17%? That’s some serious savings! 🙌✨ The company is totally committed to investing in growth, but they’re also smartly trimming down on corporate expenses wherever they can! 💪✨ Love this strategy for boosting profits! So smart!
Toast just dropped their third-quarter revenue numbers, and they’re up a whopping 26%! That’s some serious growth right there! 🎉💰 And guess what? It’s totally turning the corner on profitability now! How exciting is that?! This is exactly why the stock skyrocketed in 2024!
2. Revolve
Revolve stock is trading at around 1 times sales, kicking off 2024 at what might be its absolute cheapest valuation ever! 😱💸 This trendy digital-first fashion brand has totally captured the hearts of Millennial and Gen Z shoppers! However, its stock hasn’t been getting the love from investors lately, as its growth has come to a standstill. OMG, you guys! The stock totally skyrocketed in 2024, more than doubling as its top line soared once again! Can you believe it? 💥📈
Just to set the record straight, Revolve is actually a really solid business! It’s not all about chasing that mass appeal, you know? With an average order value of $303 in Q3 2024, it’s definitely on the pricier side for those looking to jump on board! Let’s talk about that! An active customer base of 2.6 million is seriously impressive and guess what? It’s still on the rise, with a fantastic 5% growth in the latest quarter! 🙌
Plus, by targeting the high-end apparel market, Revolve is totally crushing it with some impressive profitability! OMG, you guys! The company has been absolutely crushing it with positive net income every single quarter since they went public in 2019! How amazing is that?! OMG, you guys! This company is totally debt-free and sitting on a whopping $250 million in cash! How amazing is that?!
Honestly, the struggle for investors with Revolve has been its pretty underwhelming growth. OMG, you guys! In Q3, the company’s revenue totally skyrocketed by 10%! 🎉 And guess what? Management is saying that the fourth quarter is already looking even better than Q3! How exciting is that?! OMG, you guys! This stock is totally on fire right now! 🚀 With its already solid financials, it’s just skyrocketing as its growth rate picks up speed! 💸✨
3. On
When major athletic footwear brands shifted their focus to direct-to-consumer channels during the global pandemic, it created a golden opportunity for a brand like On to step in and capture some serious market share. Talk about a game changer! With On’s net sales skyrocketing by 69% in 2022 and an impressive 47% in 2023, it’s clear they’re making some serious waves in the market!
On’s net sales have skyrocketed by another 27% compared to the same time last year? That’s just incredible! 🚀✨ Just to clarify, about one-third of the company’s sales go straight to the consumer! So, as a newer shoe brand, it’s still building that name recognition compared to those big, established players out there! It’s amazing to see how fast it’s growing as its shoes reach more and more consumers!
that On’s net sales have totally doubled in just the last two years? That’s insane! With this incredible top-line growth, management is totally crushing it by charging full price for its shoes, which has skyrocketed its gross margin to an all-time high of over 60%! How amazing is that? Plus, it boasts an impressive operating margin that’s already exceeding 9%! How amazing is that?
OMG, have you seen the financials for On? They’re looking absolutely amazing, and it’s no wonder investors are totally hyped about it! 💖📈 On is totally on the rise! The athletic shoe market is massive, and there’s so much opportunity for them to grab even more market share. Exciting times ahead!
Here’s my pick for 2025 (and beyond)
Check out my top choice for 2025 and what’s coming next!
I’m totally here for Revolve as a brand, but I feel like they’re targeting a pretty specific segment of the market. Honestly, I’m not really sure about the long-term potential here. So, even with growth making a comeback, a 10% increase in revenue feels pretty modest, which definitely hints that growth is still facing some challenges. I’m totally passing on Revolve stock for my choice here!
On is totally crushing it with impressive growth and fantastic financials! 💸✨ But let’s be real, the way people vibe with shoe styles can totally shift in the most unexpected ways! Basically, building a lasting competitive edge can be super challenging! That’s why I totally believe in snagging those shoe stocks when they’re priced right! 💸👟
Honestly, with a 15 times sales ratio, On stock is just not hitting that sweet spot for a reasonable valuation. What do you think? Investors might just find a silver lining in this situation! Honestly, it looks like there’s not a lot of margin for safety right now, so I’m definitely not choosing to invest in On stock today.
I’m totally vibing with Toast stock as my top choice for 2025! Can’t wait to see how it performs! But wait, I totally saved the best reason to be excited about its growth potential in the upcoming year! Hey everyone! So, management has shared some exciting news! As the market gets more saturated, it’s actually becoming easier to attract new business. How cool is that? Stay tuned for more updates! Basically, as more restaurants jump on board with this amazing tech, it totally spreads like wildfire through word of mouth!
Toast is totally hitting that sweet spot that management is always on the lookout for in various markets across the U.S. right now! I’m super excited to see how the company is going to keep thriving and growing in the next year and beyond! Stay tuned! If profits really take off thanks to improved efficiencies in the business, just imagine the potential upside for the stock! So exciting, right?
Should you invest $1,000 in Toast right now?
Hey fam! Before you dive into investing in Toast, let’s chat about a few things!
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