Should You Buy Doordash Stock Before Feb. 18?

Company Overview - DoorDash is experiencing a significant stock decline, dropping nearly 28% from approximately $230 to around $165 in six weeks [1] - The company reported Q3 revenue of $3.45 billion, a 27% year-over-year increase, and total orders surged 21% to 776 million [2] - Despite a Q3 earnings per share of $0.55 missing consensus, the miss was attributed to strategic investment spending rather than declining demand [3] Strategic Developments - DoorDash completed a nearly $4 billion acquisition of Deliveroo, expanding its operations into 45 global markets and handling approximately $90 billion in annual orders [5] - The company is aggressively expanding its grocery delivery services by partnering with major retailers like Kroger, which has around 2,700 stores [5] - DoorDash is piloting autonomous deliveries with Waymo in a 315-square-mile area of metro Phoenix and testing its own delivery robot, Dot, to reduce delivery costs [6] Market Context - The global online food delivery market is projected to reach $473 billion in revenue by 2026, driven by functional food trends and the globalization of tastes [9] - The cultural shift towards food delivery has been permanently influenced by the pandemic, making it a durable consumer behavior [8] Investment Perspective - Current stock prices present a rare opportunity for long-term investors to acquire a market leader at a significant discount [10] - The combination of new revenue streams and global expansion positions DoorDash as a potentially safe investment despite recent stock volatility [10]