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DASH's shares benefit from robust order growth and expanding clientele, positioning it for continued success despite fierce competition in food delivery.
SAN FRANCISCO--(BUSINESS WIRE)--Today, DoorDash announced the release of an independent survey of SNAP consumers titled How Online Grocery Delivery with SNAP Broadens Food Access Across the U.S., which demonstrates that grocery delivery increases access to nutritious food, saves valuable time, and makes it easier for consumers to purchase affordable meals. DoorDash also announced SNAP/EBT availability with new merchants nationwide accepting SNAP/EBT on the DoorDash platform. Since launching SNA.
In Q2 2024, DoorDash's total orders increased by 19% YoY, with revenue surging 23% to $2.6 billion. The net revenue margin rose to 13.3% in Q2 2024, reflecting higher revenue per dollar for GOV. Adjusted EBITDA soared 54% YoY to $430 million, now representing 2.2% of Marketplace GOV.
What's the market impact of the big Fed rate cut? The Investing with IBD podcast covers two stocks offer perspective for what's ahead.
DASH launches new Commerce Platform and mobile app features, empowering merchants to manage and grow their businesses on their channels.
DoorDash, Inc DASH stock surged Wednesday after KeyBanc analyst Justin Patterson upgraded the stock from Sector Weight to Overweight with a $177 price target.
SAN FRANCISCO--(BUSINESS WIRE)--Introducing The DoorDash Commerce Platform for Merchants.
Landon Swan with @LikeFolio says Doordash (DASH) services, monthly active users and web visits are all up for the delivery company. Whether it beats or misses on its next earnings report, he says investors can take advantage of a win-win opportunity in the stock.
Shares of online delivery service DoorDash Inc (NYSE:DASH) are 4.4% higher before the bell, following a bull note from BTIG.
I am maintaining my buy on DoorDash after management announced the new partnership with H Mart on Thursday. The news backs my belief that DoorDash's next leg of growth will come from its partnerships and expansion to international markets. In my opinion, this partnership in specific reflects Dash's efforts to seriously expand into the grocery business, but it doesn't come without competition from Uber and InstaCart.