By skyforbes 
People think this is a cash register company. This isn't a POS. It's the ENTIRE RESTAURANT OPERATING SYSTEM.
They don't just sell a terminal. They sell the whole stack. They have the Toast Go handhelds so servers never leave the floor. They have the Kitchen Display Systems (KDS) that talk to the handhelds. They have Payroll. They have Inventory. They have Marketing and Loyalty programs. They even have Toast Capital to give these places loans. It's a full-stack, closed-loop ecosystem. You buy one piece, you end up buying it all.
And what's the competition? That trash Clover ($FI)? Or that joke $SQ (Square)? Ahahahahaha. Clover is a stupid terminal that Fiserv forces on banks. $SQ is still a toy for farmers markets and coffee shops. Neither of them can run a REAL kitchen. Toast is a weapon built for restaurants. No contest. Oh yes oh yes.
And they're not just selling to your local pizzeria anymore. That's Vertical 1. They are moving upmarket. They are signing ENTERPRISE deals. QSR chains. HOTELS. STADIUMS. They are eating everyone's lunch. They own the small guys and now they're taking the big guys.
And this entire platform? They're shipping it GLOBAL. Canada. UK. Ireland. Australia. It's scaling FASTER than the US did. This isn't just a US story anymore. That market is already locked up. They're in 148,000+ locations and just getting started.
And just today they just signed a GLOBAL deal with Uber. $UBER. UBER TOST
The suits on Wall Street with their "$40 base case" are looking at one product in one country.
Bull Case: $55 by Friday / $120 by Dec 2026