Major U.S. equities indexes were mixed Friday afternoon, following a sharp decline Thursday fueled by a selloff of tech stocks. The Dow Jones Industrial Average was down 0.3%, while the S&P 500 was up 0.5%, and the Nasdaq climbed 0.8%.
SERV's expanded DoorDash partnership and fleet growth fuel expectations for a potential 10x revenue boost in 2026.
DASH's strong Q3 revenue and 25% jump in Marketplace GOV highlight its expanding reach and growing customer demand.
Wedbush analysts on Thursday upgraded DoorDash Inc (NYSE:DASH) to ‘Outperform' from ‘Neutral', while maintaining their $260 per share target price, saying the company has retained a leading competitive position within the US food delivery market and continues to execute well with its strategic initiatives. “We believe these initiatives are justified, as they will expand DoorDash's addressable market and bolster the company's product offerings on a global scale," the analysts wrote in a note to clients.
DASH's expanding partnerships and strong order growth drive optimism, but fierce competition and high valuation keep investors cautious.
DoorDash tracks price changes through cheeseburger and essentials indexes, showing household goods remain flat while restaurant prices rise modestly nationwide.
DoorDash (DASH) shares tumbled Thursday after the food delivery firm missed profit estimates and gave a weak outlook.
A food delivery giant came under pressure after it missed quarterly profit estimates and warned investments in new technologies could squeeze profits, while better-than-expected results helped send shares of a cloud-based security company higher.
DASH stock dips as earnings fall short of expectations, despite stronger margins and Q3 revenue growth of 27%.
Major U.S. equities indexes slid Thursday afternoon, led by tech stocks after a flurry of earnings reports and as worries about an AI bubble resurfaced. The Dow, S&P 500, and Nasdaq all lost ground.
DoorDash (DASH) shares tumbled Thursday after the food delivery firm missed profit estimates and gave a weak outlook.
Doordash's stock plummeted as investors shunned the company's plans to spend "several hundred million dollars" on new products and technology. CEO Tony Xu defended the company's spending decisions on an earnings call Wednesday and said Doordash is running the business as it always has.