In January 2024, analysts at financial firm Baird named Toast (TOST) as one of its top financial-technology stocks for the upcoming year. The team’s pick proved prescient. Shares of Toast climbed 100% in 2024, handily outpacing the S&P 500 index.
Toast wasn’t the only stock that doubled in value in 2024. Shares of Revolve (RVLV) and On Holding (ONON) also doubled last year, climbing 102% and 103%, respectively.
In reality, there are quite a few stocks that doubled or more in 2024. But I like grouping Toast, Revolve, and On together here because all three are lesser-known companies that are posting big gains. Here’s why the trio is up, and which one I believe is the best long-term stock to buy.
This post originally appeared at The Motley Fool.