Does DoorDash, Inc. (DASH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Rob Sanderson, Loop Capital senior internet analyst, joins 'The Exchange' to offer his bull case for DoorDash.
INTU, NTGR, PBYI and DASH make the cut as top liquid stocks, with each boasting strong liquidity, growth attributes and operational efficiency.
Seattle customers face higher DoorDash service fees as the company reports operating at a loss in 2024 despite $10.7 billion in revenue due to strict local regulations.
DoorDash is a dominant, asset-light platform with strong network effects, brand equity, and expanding into new markets and verticals beyond food delivery. The business has achieved rapid revenue growth and turned profitable in 2024, with a cash-rich balance sheet, though share dilution remains a concern. Valuation is demanding with high multiples, but the growth trajectory and technical momentum suggest further upside if it breaks all-time highs.
DoorDash Inc (NYSE:DASH) has earned a price target boost from Oppenheimer analysts, who raised their price target to $280 from $220, citing stronger-than-expected third-party data and an uptick in advertising revenue that signals accelerating profitability. Shares of DoorDash traded up about 2% at $246 on Monday afternoon.
The likes of UBER, DASH,and LYFT ride the gig economy boom, offering investors flexible plays in a $2.15T market by 2033.
Shares of DoorDash Inc (NASDAQ:DASH) are on the move this morning, last seen 2.3% higher ahead of the open, after Raymond James upgraded the food delivery stock to "strong buy" from "outperform.
Buying stocks on a technical breakout isn't always the formula for a swift gain.
DoorDash (DASH) reported earnings 30 days ago. What's next for the stock?
The new DoorDash partnership, alongside Uber Eats, should drive significant incremental delivery sales, expanding Domino's reach and supporting a bullish outlook. Domino's offers robust dividend growth and currently trades at a fair valuation, with slight upside potential versus industry peers and historical averages. Local ingredient sourcing shields Domino's from tariff risks, and management's guidance and store expansion plans reinforce a buy rating at current levels.
DoorDash enjoys tremendous scale and faces limited competition. As a high-margin layer to local commerce and delivery, we're bullish on the company's outlook. Revenues have grown like clockwork, and we expect that net incomes should follow suit, as the firm unlocks more operating leverage. Trading somewhere between 17x - 22x FY '28 earnings, we think the stock appears cheap for the growth potential.