7/23/2023 0 Comments Door dash stock symbol![]() Although the company posted rapid growth through the pandemic, growth rates are poised to slow meaningfully next year. The stock trades at a large 15.5x forward revenue, almost like a software-type business that has thicker margins and much more operating leverage. That said, we still think that DoorDash stock still looks fundamentally overvalued at its current market price of about $215 per share. See our analysis DoorDash Stock Chance Of Rise for more details. Per the Trefis Machine learning engine which analyzes price data for the stock over the last year, there is a roughly 71% chance of a rise in DoorDash stock over the next month. So is DoorDash stock poised to rise further in the near term. Investors anticipate that the move could open up a potentially lucrative revenue stream for the company, which remains loss-making. Moreover, DoorDash is also doubling down on the advertising business, launching its own ad platform and enabling restaurants to place ads that appear on top of search results on the DoorDash app. Firstly, there has been a broader recovery in technology stocks following a sell-off in late September and this likely helped DoorDash to an extent. There are a couple of factors driving the recent gains. Contact ETF Channel Meet Our Editorial Staff.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% over the same period. ![]() 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. Liable for any loss or damage caused by your reliance on information obtained. its subsidiaries, partners, officers, employees, affiliates, or agents be held 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.
0 Comments
Leave a Reply. |