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Stock impact report

DoorDash: The Market Has Misjudged Higher Capex Spending This Year [Seeking Alpha]

DoorDash, Inc. (DASH) 
Company Research Source: Seeking Alpha
Q3 saw 27% revenue growth to $3.45B, record DashPass/Wolt+ subscribers, and strong margin expansion, with international operations nearing contribution profit breakeven. Concerns over elevated capex for global tech upgrades and Deliveroo integration are overblown; core EBITDA margins are expected to rise even with increased investment. DASH trades at premium multiples, but rapid top-line and EBITDA growth justify valuation; the current selloff offers an attractive entry point for patient investors. Walter Cicchetti/iStock Editorial via Getty Images Introduction DoorDash, Inc. ( DASH ) continues to build up a solid platform in the delivery and convenience space and has experienced fast growth in subscribers for DashPass and Wolt+. This quarter showed some expansion This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of DASH either through stock ownership, options, or other derivatives. I wrote this article myself, and it e Show less Read more
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