![]() Moreover, the company’s international expansion plans are also gaining traction following its acquisition of fast-growing European food delivery company Wolt, which enables it to enter 22 new markets. DoorDash’s well-received DashPass subscription program, which has over 9 million subscribers, could also help stabilize its business. We got a sense of this in 2021 when DoorDash posted strong revenue growth despite restaurants re-opening. We also think there is room for growth for the company even post the pandemic. We could see a partial impact of this in DoorDash’s Q4 results, which are likely due in February. ![]() This is likely to have caused more people to order in rather than head to restaurants, helping demand for DoorDash’s services. surged through the holidays and into early January, peaking at over a million cases per day. There are multiple factors that could drive the stock higher. So is DoorDash stock a buy at current levels of around $96 per share? While we had largely been bearish on DoorDash stock ever since it went public in late 2020, we think the stock is worth a look for investors seeking to play the delivery market following the sizable recent correction. There are also concerns about the impact of surging inflation on the company’s earnings, given the rise in labor, gasoline, and food prices. DoorDash, which traded at almost 20x revenues at its peak and has yet to turn profitable, has been particularly badly impacted by this shift. The sell-off comes as investors rotate out of richly valued stocks and pandemic winners, into value stock as the Federal Reserve signals multiple rate hikes through 2022. In fact, the stock now trades below its IPO price of $102 per share. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.DoorDash stock (NYSE: DASH) has declined by about 34% thus far in 2022, and remains down by over 60% from highs seen last November 2021. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Frequently asked questionsį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. The company was formerly known as Palo Alto Delivery Inc. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support DashPass and Wolt+, a membership products and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. This would suggest that DoorDash's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns). The market (NYSE average) beta is 1, while DoorDash's is 1.4992. volatility (beta: 1.00) Low Highīeta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its "beta". Over the last 12 months, DoorDash's shares have ranged in value from as little as $41.365 up to $87. We're not expecting DoorDash to pay a dividend over the next 12 months. TTM: trailing 12 months DoorDash share dividends ![]()
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