![]() ![]() Moreover, the company’s international expansion plans are also gaining traction following its acquisition of fast-growing European food delivery company Wolt, which enables it to enter 22 new markets. DoorDash’s well-received DashPass subscription program, which has over 9 million subscribers, could also help stabilize its business. We got a sense of this in 2021 when DoorDash posted strong revenue growth despite restaurants re-opening. We also think there is room for growth for the company even post the pandemic. We could see a partial impact of this in DoorDash’s Q4 results, which are likely due in February. This is likely to have caused more people to order in rather than head to restaurants, helping demand for DoorDash’s services. surged through the holidays and into early January, peaking at over a million cases per day. There are multiple factors that could drive the stock higher. So is DoorDash stock a buy at current levels of around $96 per share? While we had largely been bearish on DoorDash stock ever since it went public in late 2020, we think the stock is worth a look for investors seeking to play the delivery market following the sizable recent correction. There are also concerns about the impact of surging inflation on the company’s earnings, given the rise in labor, gasoline, and food prices. DoorDash, which traded at almost 20x revenues at its peak and has yet to turn profitable, has been particularly badly impacted by this shift. ![]() The sell-off comes as investors rotate out of richly valued stocks and pandemic winners, into value stock as the Federal Reserve signals multiple rate hikes through 2022. In fact, the stock now trades below its IPO price of $102 per share. (Photo illustration by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty ImagesĭoorDash stock (NYSE: DASH) has declined by about 34% thus far in 2022, and remains down by over 60% from highs seen last November 2021. Numbers show that the Covid-19 pandemic resulted in a significant increase of meals ordered online through food delivery apps and websites. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.DoorDash app logo is displayed on a mobile phone screen photographed for illustration on a plate and. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. ![]() stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ![]()
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