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Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscription-based, which keeps customers paying monthly fees. Because the software often becomes integral to the operations of organizations that use it, customers are likely to stick with the providers

While the software has enabled life-changing efficiencies in many different industries, a few have been left behind. One of those industries is restaurants — especially smaller mom-and-pop locations. That’s a problem that Toast (NYSE: TOST) aims to solve. The company provides