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 ...

Core Insights - DoorDash, Inc. (DASH) has shown a year-to-date return of approximately 73.7%, significantly outperforming the average gain of 36.2% in the Computer and Technology sector [3][6] - The Zacks Rank system indicates that DoorDash currently holds a Zacks Rank of 2 (Buy), suggesting a positive earnings outlook [2] - The consensus estimate for DoorDash's full-year earnings has increased by 1119.5% over the past quarter, reflecting improved analyst sentiment [7] Company Performance - DoorDash is part of the Computer and Technology sector, which includes 618 stocks and currently holds a Zacks Sector Rank of 1 [6] - Within the Internet - Services industry, DoorDash ranks among 35 stocks, with the industry itself positioned at 37 in the Zacks Industry Rank [9] - The average return for stocks in the Internet - Services industry is 36.4% year-to-date, indicating that DoorDash is performing better than its industry peers [9] Comparative Analysis - Innovid Corp. has also shown strong performance, with a year-to-date return of 106.7%, indicating that both DoorDash and Innovid are leading in their respective sectors [8][10] - The Computer and Technology sector has an average gain of 36.2%, while DoorDash's performance significantly exceeds this benchmark [3][10]

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 ...

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 ...

Core Viewpoint - DoorDash has shown strong operating results with significant revenue growth and improved profitability, but caution is advised due to high valuation metrics [2][13]. Group 1: Revenue Growth - DoorDash's stock has increased by 309% from its 2022 low, driven by steady revenue growth and expansion into new markets [2]. - The company's Marketplace Gross Order Value (GOV) reached $20 billion in Q3 2024, resulting in a record revenue of $2.7 billion [4]. - GOV grew by 19% year-over-year, marking the slowest quarterly growth in 2024, while revenue grew by 25%, the fastest quarterly growth this year [5]. - The net revenue margin improved to 13.5%, up from 12.9% year-over-year, due to enhanced efficiency in logistics and increased advertising revenue [5][6]. - DoorDash is expanding beyond food delivery into groceries and retail, with over 100,000 retailers now on its platform, indicating potential for significant future growth [7]. Group 2: Profitability - DoorDash has adopted a more prudent spending strategy, increasing operating expenses by only 14% year-over-year to $2.6 billion [9]. - The company achieved a net income of $162 million in Q3, marking its first quarterly GAAP profit in history [10]. - Adjusted EBITDA reached a record $533 million, reflecting a 55% increase from the previous year, showcasing the company's ability to grow sustainably [11][12]. Group 3: Valuation Concerns - DoorDash's stock trades at a price-to-sales (P/S) ratio of 7.1, significantly higher than its three-year average of 4.8, indicating potential overvaluation [14]. - The P/S ratio is nearly double that of Uber Technologies, which has a more diversified business model and generated $11.2 billion in revenue across all segments [14][15]. - Investors may consider DoorDash a long-term hold, but shorter-term investors might find better opportunities in competitors like Uber [15].

Core Viewpoint - DoorDash reported strong third-quarter earnings, with significant year-over-year growth in revenue and orders, indicating positive momentum ahead of its next earnings release [2][3][4]. Financial Performance - Earnings per share for Q3 2024 were 38 cents, compared to a loss of 19 cents in the same quarter last year, exceeding the Zacks Consensus Estimate by 80.95% [2]. - Revenues increased by 25% year-over-year to $2.16 billion, surpassing the consensus estimate by 1.59% [3]. - Total orders rose 18% year-over-year to 643 million, beating the Zacks Consensus Estimate by 0.62% [4]. - Marketplace Gross Order Value (GOV) increased by 19% year-over-year to $20 billion, exceeding the consensus estimate by 1.43% [4]. - Adjusted gross margin improved to 50.9% from 48.7% in the previous year [5]. - Adjusted EBITDA was $533 million, up from $344 million in the year-ago quarter [10]. Expenses - Adjusted sales and marketing expenses rose by 8.2% year-over-year to $447 million [7]. - Adjusted research and development expenses increased by 23.8% year-over-year to $156 million [8]. - Adjusted general and administrative expenses surged by 41.8% year-over-year to $241 million [9]. Balance Sheet and Cash Flow - As of September 30, 2024, DoorDash had $4.96 billion in cash and cash equivalents, up from $4.85 billion as of June 30, 2024 [11]. - Cash flow from operations was $531 million in Q3, slightly higher than the previous quarter [11]. - Free cash flow was $444 million, down from $451 million in the second quarter [12]. Guidance - For Q4, DoorDash anticipates Marketplace GOV to be in the range of $20.6 billion to $21 billion [13]. - Adjusted EBITDA is expected to be between $525 million and $575 million [14]. Market Sentiment - Estimates for DoorDash have trended upward, with a consensus estimate shift of 52.12% [15][16]. - The company holds a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [18].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

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 ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: DoorDash, Inc. (DASH) - DoorDash currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance when combined with a Style Score of A or B [4]. Price Performance - Over the past week, DoorDash shares increased by 4.61%, while the Zacks Internet - Services industry remained flat [7]. - In the last month, shares rose by 15.18%, significantly outperforming the industry average of 2.22% [7]. - Over the past quarter, shares have risen by 37.71%, and over the last year, they have increased by 88.93%, compared to the S&P 500's gains of 7.42% and 32.55%, respectively [8]. Trading Volume - The average 20-day trading volume for DoorDash is 3,603,306 shares, which serves as a bullish indicator when combined with rising stock prices [9]. Earnings Outlook - In the last two months, 12 earnings estimates for DoorDash have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from -$0.04 to $0.26 [11]. - For the next fiscal year, 13 estimates have moved up, with only 1 downward revision during the same period [11]. Conclusion - Considering the strong price performance, positive earnings revisions, and high Momentum Style Score, DoorDash is positioned as a promising investment opportunity [12].

Partnership enhances gift card shopping experience with quick local deliveries from DashMart and other popular merchants within the DoorDash appATLANTA, Nov. 25, 2024 /PRNewswire/ -- InComm Payments, a global payments technology company, and DoorDash, the premier local commerce platform, today announced a partnership enabling consumers to browse, purchase and order delivery of gift cards for hundreds of merchants within the DoorDash app. The offering will launch on Friday, Nov. 29, with promotions beginning ...