It's All About Partnerships In DoorDash - Bringing More Upside [Seeking Alpha]
DoorDash, Inc. (DASH)
Company Research
Source: Seeking Alpha
Summary I am maintaining my buy on DoorDash after management announced the new partnership with H Mart on Thursday. The news backs my belief that DoorDash's next leg of growth will come from its partnerships and expansion to international markets. In my opinion, this partnership in specific reflects Dash's efforts to seriously expand into the grocery business, but it doesn't come without competition from Uber and InstaCart. I share my positive sentiment on DoorDash here and why I see more upside in 2FY24. PM Images Investment Thesis DoorDash ( NASDAQ: DASH ) announced yet another grocery partnership last Thursday , this time with the largest US-based Asian supermarket chain, H Mart. I'm maintaining my buy as the new partnership further confirms my expectation of green shoots in the grocery business for Dash. I last wrote about Dash after 2Q24 earnings, arguing that the company's serious expansion into the grocery business will drive top-line growth down the line. Now, I
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DASH
News
- Houston home invaders pose as DoorDash, tie up mom in front of kids before shootout with officer: police [FOX News]FOX News
- Markets, investors can 'settle down' after Fed cut: Strategist [Yahoo! Finance]Yahoo! Finance
- DoorDash rising after BTIG upgrades stock to Buy [Yahoo! Finance]Yahoo! Finance
- DoorDash rising after BTIG upgrades stock to Buy [Yahoo! Finance Canada]Yahoo! Finance Canada
- Five Below downgraded, DoorDash upgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
DASH
Earnings
- 8/1/24 - Miss
DASH
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/16/24 - Form 4
- DASH's page on the SEC website