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0.000122249388753119 -0.000488997555012128 -0.00149755501222497 -0.00262836185819058 -0.00806845965770167 -0.00907701711491433 -0.00314792176039111 -0.000244498777506064
Stock impact report

DoorDash Inc. (DASH) Expands Fuel Relief for Dashers amid Costs Concerns [Yahoo! Finance]

DoorDash, Inc. (DASH) 
Company Research Source: Yahoo! Finance
DoorDash Inc. (NASDAQ:DASH) with an Outperform but cut the price target to $195 from $265. DoorDash Inc. (DASH) Expands Fuel Relief for Dashers amid Costs Concerns Proxima13/Shutterstock.com The price target cut comes on the heels of the company announcing fuel price relief for delivery drivers. The fuel relief program also includes 10% cash back on gas for delivery drivers with a DoorDash Crimson Visa debit card, five times the standard 2% rate. Dashers who drive 125 miles or more are also entitled to a relief payment starting at $5 to a maximum of $15. The firm expects the relief to trigger $15 million in costs in the next four weeks, with the majority of the impact, at $11 million, coming in the second quarter. If DoorDash decides to continue the fuel relief effort, the research firm expects the company to incur an incremental cost of $15 million monthly. It has also lowered its gross order value and EBITDA estimates to account for the fuel price relief. DoorDash Inc. (NA Show less Read more
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