DoorDash Stock: Buy The Dip? [Forbes]
DoorDash, Inc. (DASH)
Company Research
Source: Forbes
DoorDash app logo is displayed on a mobile phone screen photographed for illustration on a plate and... [+]with cutlery. Krakow, Poland on February 9, 2021. Numbers show that the Covid-19 pandemic resulted in a significant increase of meals ordered online through food delivery apps and websites. (Photo illustration by Beata Zawrzel/NurPhoto via Getty Images)So is a buy at about $161 per share currently? While the recent correction certainly makes the stock more palatable for investors looking to play the delivery space, we still have concerns about DoorDash’s valuation (the stock trades at over 12x our 2021 revenue estimate) and weak unit economics. DoorDash’s biggest cost is related to its delivery partners and this number is variable, rising in proportion with the number of orders, giving the company little leverage. As the restaurant industry, which DoorDash works with, is inherently low margin, customers will ultimately have to bear the impact of higher fees to drive profits. Mor
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DASH
News
- DoorDash, Inc. (NASDAQ: DASH) is now covered by analysts at Loop Capital. They set a "buy" rating and a $170.00 price target on the stock.MarketBeat
- Cannabis Use Is Indeed Driving Demand for Snacks, Delivery Apps [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Cannabis Use Is Indeed Driving Demand for Snacks, Delivery Apps [BNN Bloomberg (Canada)]BNN Bloomberg
- Wendy's will offer free fries every Friday through the end of the year starting this week [Yahoo! Finance]Yahoo! Finance
- 40-year-old delivers for DoorDash to help pay down her $100,000 student loan debt—on top of her full-time job [CNBC]CNBC
DASH
Earnings
- 2/15/24 - Miss
DASH
Sec Filings
- 4/18/24 - Form 4
- 4/16/24 - Form 144
- 4/15/24 - Form 4
- DASH's page on the SEC website