DoorDash(DASH)
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2 Internet Stocks to Buy for Breakout Sales Growth: DASH, SE
ZACKS· 2025-01-03 21:31
DoorDash Expansion - DoorDash's online marketplace facilitates merchant-customer interactions and order fulfillment through "dashers" [3] - The company's Zacks Internet-Services Industry ranks in the top 15% of nearly 250 Zacks industries [3] - DoorDash acquired Finnish food delivery company Wolt in 2021, expanding its presence to over 20 European markets and beyond the US to Australia, Canada, Japan, and New Zealand [4] - Total sales are expected to increase 23% in FY24 and another 19% in FY25 to $12.72 billion, representing a 340% increase from 2020 sales of $2.89 billion [5] Sea Limited Expansion - Sea Limited operates as a consumer internet company providing e-commerce, digital entertainment, and digital financial services across Southeast Asia and Taiwan [7] - The company's Zacks Internet-Software Industry ranks in the top 10% of all Zacks industries [8] - Revenue is projected to grow 28% in FY24 and another 17% in FY25 to $19.62 billion, reflecting an 800% increase from 2020 sales of $2.17 billion [8] Earnings Growth - DoorDash's annual earnings are expected to reach $0.26 per share in FY24, a significant improvement from the adjusted EPS loss of -$1.42 in 2023, with FY25 EPS projected to soar 646% to $1.94 [9] - Sea Limited's EPS is expected to grow 55% in FY24 and another 91% in FY25 to $4.03 per share, with FY25 EPS estimates up 93% over the last 60 days [10][12] - Both companies have seen upward revisions in their EPS estimates over the last quarter, with Sea Limited's FY25 EPS estimates increasing by 92.82% over the last 60 days [13] Growth Trajectory - DoorDash and Sea Limited are among the fastest-growing companies of the decade, with compelling growth trajectories that could sustain their stock rallies [13] - Both companies are positioned as viable long-term investments for 2025 and beyond [13]
3 Stocks With Upgraded Broker Ratings to Bet On for 2025
ZACKS· 2024-12-26 14:30
This year has been a remarkable one for stock market investors. The S&P 500 Index has soared almost 27% this year in a resilient macroeconomic environment amid robust corporate earnings. So, it might become difficult for retail investors to choose stocks independently and generate solid returns in 2025. To do this, one needs to understand the company fundamentals and try to place them against the current economic background to figure out how the stock may fare as an investment. One way to cut short this tas ...
Is DoorDash (DASH) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-12-25 15:46
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has DoorDash, Inc. (DASH) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.DoorDash, Inc. is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #1. The Za ...
DASH Up 53% in the Past 6 Months: Is the Stock Still a Screaming Buy?
ZACKS· 2024-12-24 17:41
DoorDash’s (DASH) shares have surged 53.4% over the trailing six-month period compared with the Zacks Internet - Services industry’s return of 7.7% and the broader Zacks Computer & Technology sector’s appreciation of 7.9%.The company has outperformed its major competitors, such as Amazon (AMZN) and Alphabet (GOOGL) , who are actively expanding their presence in the delivery and logistics sector. Amazon and Alphabet have gained 21% and 8.5%, respectively, over the trailing six-month period.DASH’s robust pric ...
DoorDash steps up driver ID checks after traffic safety complaints
Techxplore· 2024-12-12 18:27
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A food delivery rider waits for the traffic light to change Monday, March 30, 2020, in Lone Tree, Colo. Credit: AP Photo/David Zalubowski, File DoorDash will require its drivers to verify their identity more often as part of a larger effort to crack down on unauthorized account sharing. DoorDash has been under pressure to ensu ...
This Stock Soared 309% From Its 2022 Low -- 2 Reasons to Buy It Now, and 1 Reason to Stay Away
The Motley Fool· 2024-12-05 09:58
Investors are rewarding DoorDash for its strong operating results, but there is one reason to be cautious right now.2024 is almost over, and the S&P 500 (^GSPC 0.61%) is on the cusp of delivering its second consecutive annual gain of more than 20%. The 2022 bear market sure feels like a distant memory right now.DoorDash (DASH 0.45%) stock is currently up by 309% from its 2022 low point, thanks to the company's steady revenue growth, improving profitability, and expansion from food delivery into other market ...
Why Is DoorDash (DASH) Up 13.9% Since Last Earnings Report?
ZACKS· 2024-11-29 17:37
It has been about a month since the last earnings report for DoorDash, Inc. (DASH) . Shares have added about 13.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is DoorDash due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. DoorDash Q3 Earnings Beat Estimates, Revenu ...
Rising Sales Have DoorDash Delivering Gains
FX Empire· 2024-11-27 08:15
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DoorDash Adds 5 New Chains to Grocery Partner List
PYMNTS.com· 2024-11-25 22:15
DoorDash is adding new grocers to its list of supermarket delivery partners. The delivery platform will be working with five new grocers, according to a Monday (Nov. 25) press release. The aggregator has already added several supermarket chains this year, including Wegmans and all of Ahold Delhaize's American banners. "It has been a monumental year for DoorDash's grocery business with many beloved grocers — from the nation's largest supermarket chains to neighborhood favorites — joining the platform," Fuad ...
What Makes DoorDash, Inc. (DASH) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-11-25 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...