1 Super Stock Down 27% You'll Want to Buy on the Dip, According to Wall Street

Core Insights - DoorDash has achieved record user numbers, revenue, and profits in 2024, solidifying its position as the leading food delivery platform in the U.S. [1][2] Company Performance - DoorDash's stock has increased by 77% from its 52-week low but remains 27% below its all-time high [2] - The company holds a 67% market share in the U.S. food delivery sector, significantly ahead of Uber Eats at 23% [3] - Monthly active users reached approximately 42 million, with 25% utilizing the platform for grocery and retail shopping in December [4] - DoorDash processes over 7 million deliveries daily, indicating strong user engagement and order frequency growth [5] Financial Metrics - In Q4 2024, DoorDash processed a gross order value (GOV) of $21.2 billion, a 21$2.8 billion, marking a 25% growth year-over-year [7] - Total costs and expenses for 2024 were $10.7 billion, a 16.7$38 million, while achieving a GAAP profit of $123 million, a significant turnaround from a$558 million net loss in 2023 [11][10] - Adjusted EBITDA for 2024 was a record $1.9 billion, reflecting a nearly 60$225.38, suggesting a potential upside of 26% [13][14] - The stock currently trades at a price-to-sales (P/S) ratio of 7.2, which is a 53% premium to its three-year average of 4.7 [15] - Comparatively, Uber's P/S ratio stands at 3.7, indicating a higher valuation for DoorDash [15][16] - Investors are advised to adopt a long-term view of five years or more to align with DoorDash's growth potential in new verticals [17]