Toast, Revolve, and On Surge as Analysts Predict Growth

Toast stock has doubled in value this year, boosting investor optimism. The firm Baird forecasts continued growth in 2025 due to increasing market saturation, which could enhance its profitability further.

Date: 05-01-2025

AI Rating: 7

Toast's Net Income and Revenue Growth
Toast has faced challenges with profitability, reporting significant net losses of $275 million and $246 million in 2022 and 2023, respectively. However, there has been a remarkable improvement in 2024, as the company logged only a net loss of $13 million through the first three quarters, a significant reduction from a net loss of $231 million in the same period of the previous year. This impressive turnaround signifies a pivotal moment for Toast, driven primarily by strong revenue growth of 26% in the third quarter of 2024.

Revolve's Positive Net Income
In contrast, Revolve has maintained positive net income quarter-after-quarter since its public debut in 2019. The company's financial stability, alongside a 10% jump in revenue in Q3 2024, suggests a recovery in growth momentum, which bodes well for its future stock performance.

On Holding's Revenue Growth
On Holding has demonstrated exceptional growth with net sales increasing by 69% and 47% in 2022 and 2023, respectively. As of 2024, net sales continue to rise by an additional 27% compared to the same period in 2023. The consistent upward trajectory reflects the strong market demand for On's products. Furthermore, On Holding reported high gross and operating margins, indicating healthy profit opportunities that may appeal to investors.

Stocks: TOST RVLV ONON