![]() Gaining 8% Over The Last Month, What’s Next For DoorDash Stock?ĭoorDash stock (NYSE: DASH) has gained about 4% over the last week, outperforming the S&P 500 which remained roughly flat over the same period. See our analysis DoorDash Valuation: Expensive Or Cheap? for more details on DoorDash’s valuation.īelow you’ll find our previous coverage of DoorDash stock where you can track our view over time. We value the stock at about $130 per share, about 13% below the current market price. That said, we still think the stock is a bit pricey at current levels, due to the fact that the company remains unprofitable despite its massive growth through the pandemic. This could help drive market share gains, as DashPass subscribers are typically more engaged and loyal. Separately, the company is seeing growing adoption of its DashPass subscription service, holding about 9 million DashPass subscribers as of Q3 2021, up from levels of around 5 million last year. Demand for DoorDash’s services could rise in the near term if the highly transmissible new virus strain results in renewed lockdowns and travel restrictions, which could, in turn, make more people order in rather than go to restaurants. So is DoorDash stock a buy? There are a couple of positive factors that could drive DoorDash stock. have averaged about 127,000 as of last week, up from levels of around 70,000 in late November, driven by the spread of the apparently more infectious Omicron variant of the novel coronavirus. Moreover, the broader markets have also been weighed down by the recent rise in Covid-19 cases. For perspective, DoorDash trades at about 10x projected 2021 revenues. This is likely causing investors to reduce exposure to high-growth, high multiple stocks such as DoorDash which were big winners earlier in the pandemic and through the ultra-low interest rate era. Federal Reserve officials have hinted that we could see as many as three rate hikes coming in 2022, as inflation in the U.S. So what’s driving the current sell-off? The U.S. Quote and option data delayed at least 15 minutes stock quote data powered by Ticker Technologies, and Mergent.DoorDash stock (NYSE: DASH) has declined by about 5% over the past week and remains down by almost 40% from its early November highs. Video widget and market videos powered by Market News Video. ![]() By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. ![]() All viewers agree that under no circumstances will BNK Invest, Inc. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Split history database is not guaranteed to be complete or free of errors. or any of its affiliates, subsidiaries or partners. Nothing in is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. Below, we examine the compound annual growth rate - CAGR for short - of an investment into DoorDash shares, starting with a $10,000 purchase of DASH, presented on a split-history-adjusted basis factoring in the complete DoorDash stock split history.Ĭopyright © 2013 - 2023, All Rights Reserved Looking at the DoorDash stock split history from start to finish, an original position size of 1000 shares would have turned into 1000 today. DoorDash (DASH) has 0 splits in our DoorDash stock split history database.
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