What Makes DoorDash, Inc. (DASH) a Strong Momentum Stock: Buy Now?

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].