![]() ![]() However, such investments are critical to building market share in new localities. While the quarter was solid on the sales growth front, with progress on margins, the firm's heavy investments caused the firm to report a larger loss than expected. DoorDash did a lot of things right to spark a 25% pop in total gross order volume year over year. ![]() DoorDash Reports Solid Quarter Shares Sink AnywayĭoorDash just came off a decent result, yet not decent enough to help the stock resist the downward pressure applied by broader markets. Moreover, the firm has many growth levers it can pull as it looks to become even more dominant. DoorDashs financial performance improved on multiple fronts to start 2023. While I'm no fan of the fallen pandemic beneficiaries, I like DoorDash, as management continues leveraging its strong network effect. Continued strength in numbers suggests the lockdown-era usage of DoorDash has led to a habit that'll outlast the pandemic. Wall Street analysts are staying bullish on the stock, and I think they'll be proven right over the longer run.ĭoorDash isn't just a pandemic one-hit-wonder. Contact ETF Channel Meet Our Editorial Staff.Though higher rates will likely continue to dictate the trajectory of most stocks, I do view DoorDash as one of the fallen high-multiple tech plays that's worth a second look. Minutes ETF data powered by Ticker Technologies, and Mergent. Video widget and ETF videos powered by Market News Video. By visiting, using or viewing this site, youĪgree to the following Full Disclaimer & Terms of UseĪnd Privacy Policy. View details Research that delivers an independent perspective, consistent methodology and actionable insight Related Research Analyst Report: DoorDash, Inc. Liable for any loss or damage caused by your reliance on information obtained. its subsidiaries, partners, officers, employees, affiliates, or agents be held Published 5:17AM EDT DoorDash stock (NYSE: DASH) has gained almost 10 over the last week (five trading days), significantly outperforming the S&P 500 which declined by about 3. All viewers agree that under noĬircumstances will BNK Invest, Inc. Transaction, or investment strategy is suitable for any specific person. None of the information contained herein constitutes a recommendation that any particular security, portfolio, or any of its affiliates, subsidiaries or partners. Nothing in ETF Channel is intended to be investment advice, nor does it represent the opinion of, counselįrom, or recommendations by BNK Invest Inc. provides several services on its platform, primarily consisting of DoorDash Drive and Wolt Drive, which are white-label delivery fulfillment services.ĭASH - Key Stats (updated Friday, June 23, 10:39 AM)ĭividendRank'ed Dow Transports ComponentsĮnergy Stocks You Can Buy Cheaper Than Insiders DidĬrossing Above Their 200 Day Moving AverageĬrossing Below Their 200 Day Moving AverageĮTFs Holding DASH | DoorDash Inc | ETF Channel | |Ĭopyright © 2009 - 2023, All Rights Reserved Co.'s Marketplaces enable merchants to establish an online presence and expand their reach by connecting them with consumers. built the DoorDash and Wolt Marketplaces (Marketplaces) to serve the needs of three main constituents: merchants, consumers, and the independent contractors who use Co.'s platform to generate earnings. Co.'s primary offerings include the DoorDash Marketplace, the Wolt Marketplace, and Platform Services. DoorDash provides a local logistics platform. ![]()
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