DoorDash (DASH) Marketplace Expansion Boosts Growth Prospects

DoorDash (DASH) shares have returned 22% in the past six months compared with the Zacks Computer & Technology sector’s rise of 7.4%. The uptick can be attributed to solid total orders and Marketplace GOV.Total orders increased 24% year over year to $543 million. Marketplace GOV increased 24% year over year to $16.8 billion.DoorDash reported third-quarter 2023 revenues of $2.2 billion, which increased 27% year over year, thanks to a strong portfolio, improvements in logistics efficiency and the growing contr ...