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 ...

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 ...

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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 ...

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 ...

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 ...

DoorDash's (DASH) shares have surged 74.4% in the year-to-date period compared with the Zacks Internet - Services industry's increase of 25.5% and the broader Zacks Computer & Technology sector's appreciation of 27.8%. DASH's robust stock price performance has been driven by strong total orders and Marketplace Gross Order Value (GOV) performance, enhanced logistics efficiency and increased advertising contribution. DoorDash is gaining momentum in new verticals, particularly in the grocery segment, which fur ...

While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app. The app will then suggest what to add to your cart based on the items on your list. iOS users can import lists from Apple’s Reminders app, too.To use the new feature, first select the store where you want to shop. Then, look for the buttons “Cre ...

DoorDash, Inc. (DASH) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock pri ...

Despite many companies grumbling of potentially softer consumer spending during this earnings season, DoorDash (NASDAQ: DASH ) so far has appeared unimpaired. The takeout and delivery app, a major rival of UberEats ( UBER ), has continued to soar with With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been ...