DoorDash (DASH) Experiments With Standalone AI-powered App for Users to Locate New Restaurants, Reports Bloomberg

Core Insights - DoorDash, Inc. (NASDAQ:DASH) is recognized as one of the best stocks to invest in for the next three years, with a focus on expanding its services beyond food delivery [1] - The company is currently testing a standalone AI-powered app named Zesty, aimed at helping users locate new restaurants, which is being piloted in San Francisco and New York [1][2] - DoorDash has also enhanced its offerings by expanding the dine-in reservations feature following the acquisition of SevenRooms Inc. [2] Financial Outlook - Argus analyst Taylor Conrad has reduced the price target for DoorDash's stock from $275 to $260 while maintaining a "Buy" rating, indicating optimism about the company's financial health [3] - The firm highlights DoorDash's strong balance sheet and its strategic focus on grocery delivery, which is expected to grow at more than twice the rate of meal delivery [3] - Efforts to lower unit costs are anticipated to improve profitability for DoorDash [4] Strategic Initiatives - DoorDash plans to increase spending in 2026 on new initiatives and internal productivity tools, reflecting a commitment to innovation and operational efficiency [2] - The company operates a commerce platform that connects merchants, consumers, and independent contractors, indicating a broad business model [4]