DoorDash Hits First Operating Profit Since 2020, Shares Rise [Yahoo! Finance Canada]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg 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 — far eclipsing rivals Uber Technologies Inc. and Grubhub — making its performance a strong gauge of discretionary spending. The earnings beat works to reinforce a report out Tuesday showing US consumer confidence has strengthened, jumping in October by the most since March 2021. The company's fourth-quarter outlook for adjusted earnings before interest, taxes, depreciation and amortization was roughly in l
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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]Yahoo! Finance
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