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Stock impact report

We Might See A Profit From DoorDash, Inc. (NASDAQ:DASH) Soon [Yahoo! Finance]

DoorDash, Inc. (DASH) 
Company Research Source: Yahoo! Finance
DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The US$53b market-cap company announced a latest loss of US$558m on 31 December 2023 for its most recent financial year result. The most pressing concern for investors is DoorDash's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. See our latest analysis for DoorDash According to the 37 industry analysts covering DoorDash, the consensus is that breakeven is near. They expect the company to post a final loss in 2023, before turning a profit of US$92m in 2024. The company is therefore projected to breakeven around a year from now or less! We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of Show less Read more
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