DoorDash Hits First Operating Profit Since 2020, Shares Rise [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
metric, allowing it to post the first operating profit since the start of the pandemic. Most Read from Bloomberg Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow Is Denver's Big Bet on E-Bikes Paying Off? NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link A South Korean City Plays Matchmaker to Tackle a Fertility Crisis There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District The San Francisco-based company generated $107 million in operating income, it said in a statement Wednesday, more than double the outlook from analysts and representing the first quarterly profit since the second quarter of 2020. The firm also beat on third-quarter total orders and adjusted earnings as it worked to expand non-restaurant offerings to attract new customers. The shares rose as much as 6.3% on Thursday, reaching a nearly three-year high before paring back most of those gains. DoorDash controls two-thirds of the US meal-delivery market —
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DASH
News
- DoorDash, Inc. (NASDAQ: DASH) had its price target raised by analysts at JMP Securities from $160.00 to $190.00. They now have a "market outperform" rating on the stock.MarketBeat
- DoorDash, Inc. (NASDAQ: DASH) had its price target raised by analysts at KeyCorp from $177.00 to $180.00. They now have an "overweight" rating on the stock.MarketBeat
- DoorDash, Inc. (NASDAQ: DASH) had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an "outperform" rating on the stock.MarketBeat
- DoorDash, Inc. (NASDAQ: DASH) had its price target raised by analysts at Truist Financial Co. from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- DoorDash Hits First Operating Profit Since 2020, Shares Rise [Yahoo! Finance Canada]Yahoo! Finance Canada
DASH
Earnings
- 10/30/24 - Beat
DASH
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/29/24 - Form SC
- DASH's page on the SEC website