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DoorDash Is Taking a Leaf Out of Mark Zuckerberg's Playbook, and Its Stock Might Be Worth Buying Now
DoorDash used to operate with a growth-at-all-costs strategy. The company had a "year of efficiency" in 2023, in which it carefully managed expenses and made substantial progress toward profitability.
DoorDash charged NYC restaurant nearly $14K in bogus fees — but only offered to refund half: lawsuit
“To date, DoorDash has failed to provide any full accounting, but has admitted that it charged fees in excess of the fee cap.”
Uber helped turn around its business by making important cuts to spending. And it developed revenue streams with better margins, thereby boosting cash flow.
DoorDash (NASDAQ: DASH ) stock is a hot topic on Thursday after Morgan Stanley updated its coverage of the food-delivery company's shares. Morgan Stanley analyst Brian Nowak upgraded shares of DASH stock from an “equal weight” rating to an “overweight” rating today.
Subscribers to our monthly Option Advisor service doubled their investments with our DoorDash Inc (NASDAQ:DASH) April 100 call recommendation, made on Jan. 26.
Historically, growth stocks have delivered astounding compounding returns. Stocks like Microsoft (NASDAQ: MSFT ), Home Depot (NYSE: HD ) and Monster Beverage (NASDAQ: MNST ) demonstrate the massive wealth creation generated through sustainable growth over decades.
DoorDash said that it has seen an "unprecedented drop in order volume" in Seattle since the city council's minimum pay law for app workers took effect in January.
DoorDash stock fell 8% after strong Q4 results and positive guidance for 2024, presenting a buying opportunity. DoorDash is still growing at a rapid pace and has the potential to expand beyond restaurants. The company has a strong brand, a subscription program, growth through partnerships, and a favorable margin profile.
DoorDash's (DASH) fourth-quarter 2023 results reflect higher costs in spite of a significant rise in total orders.
DoorDash CFO Ravi Inukonda joins Ed Ludlow and Caroline Hyde to discuss the company's earnings results beating analysts' estimates for delivery orders in the fourth quarter and why he sees consumer demand staying strong. He speaks on "Bloomberg Technology.