Story perspectives

Top 3 Fintech Stocks Set to Double in 2024

1/6/2025

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Summary

Story summary

Baird identified Toast, Revolve, and On as top financial-technology stocks for 2024, each doubling in value.
Toast reduced its net loss from $246 million in 2023 to $13 million in 2024, achieving a 26% revenue increase.
Revolve's revenue grew 10% in Q3 2024, benefiting from a debt-free status and expanding customer base.
On experienced a 27% increase in net sales in 2024, maintaining a gross margin above 60%, but faces competitive challenges.
For 2025, Toast is recommended due to its significant growth potential and market saturation.

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Story summary

Baird identified Toast, Revolve, and On as top financial-technology stocks for 2024, each doubling in value.
Toast reduced its net loss from $246 million in 2023 to $13 million in 2024, achieving a 26% revenue increase.
Revolve's revenue grew 10% in Q3 2024, benefiting from a debt-free status and expanding customer base.
On experienced a 27% increase in net sales in 2024, maintaining a gross margin above 60%, but faces competitive challenges.
For 2025, Toast is recommended due to its significant growth potential and market saturation.