This Super Stock Is Beating the S&P 500 This Year. Here Are 2 Reasons It Could Go Even Higher. [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
It expanded into other segments like grocery and retail over the past few years, which could lay the groundwork for significant growth over the long term. DoorDash stock is up 31% in 2024 so far, so it's comfortably beating the S&P 500 , which is up 18%. Here are two reasons why I think it's about to go even higher. 1. An expanding financial opportunity According to Statista, the online food delivery market will generate $1.2 trillion in order volume worldwide this year, with grocery delivery forecast to add another $770 billion. But that pales in comparison to the overall retail industry, which generated $7.2 trillion in sales in the U.S. alone during 2023. The non-restaurant retail segment has been a key point of focus for DoorDash over the last few years because of the value it presents. In 2023, the company launched the biggest update to its platform since it was founded, which gave retail a dedicated section and allowed users to create a separate shopping cart specificall
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DASH
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
- Here are Thursday's biggest analyst calls: Nvidia, Tesla, Apple, Nio, DoorDash, Robinhood, Alphabet, Micron & more [CNBC]CNBC
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