Certainly! Let’s take a look at the current stock information for DoorDash, Inc. (DASH):
As of the latest data, DoorDash, Inc. (DASH) is a publicly traded company listed on the NasdaqGS stock exchange. Here are some key details about DoorDash’s stock:
• Stock Symbol: DASH
• Current Price: $121.44 USD
• Previous Close: $121.41
• Day’s Range: $120.04 – $121.02
• 52-Week Range: $51.50 – $126.65
• Market Cap: $49.06 billion
• Volume: 1,229,983 shares traded
• PE Ratio (TTM): Not applicable (N/A)
• Earnings Date: February 15, 2024
• Forward Dividend & Yield: N/A (N/A)
• Beta (5Y Monthly): 1.72
DoorDash is a food delivery and logistics company that has gained prominence in recent years. Keep in mind that stock prices can fluctuate, so it’s essential to stay informed and consider your investment strategy.
For more detailed information, you can check Yahoo Finance or other financial platforms
As for predictions, here are some insights:
• Morgan Stanley Upgrade: Morgan Stanley recently upgraded DoorDash (DASH) stock from an “equal weight” rating to an “overweight” rating. The analyst also increased the price target for DASH shares from $135 to $145 per share, representing a potential upside of 26.4%1.
• Technical Analysis: According to technical analysis, the minimum cost of Dash in 2024 is expected to be around $27.38, while the maximum level could reach $36.88. The average trading price is projected to be approximately $46.372.
Remember that these predictions are based on various factors and market conditions, and actual performance may vary.
Door Dash stock forecast
The stock price forecast for DoorDash, Inc. (DASH) varies based on different analysts’ opinions. Here are some key points:
1. Current Stock Price: As of February 16, 2024, the stock price for DoorDash is $116.011.
2. Analyst Consensus Rating: DoorDash has received a consensus rating of Hold from analysts. The average rating score is 2.39, based on 10 buy ratings, 12 hold ratings, and 1 sell rating1.
3. Price Target Forecast: Analysts’ consensus price target for DoorDash is $112.86, which implies a forecasted downside of 2.7% from the current price1.
4. Recent Performance: DoorDash’s revenues and orders exceeded expectations for the fourth quarter, although its net losses did not shrink as quickly as expected1.
5. Business Overview: DoorDash operates a logistics platform connecting merchants, consumers, and dashers. It provides services related to customer acquisition, delivery, insights, analytics, payment processing, and more.
Remember that stock prices can be volatile, and forecasts are subject to change based on market conditions and company performance. Always consider multiple sources and consult with a financial advisor before making investment decisions.
How does DoorDash make money?
DoorDash generates revenue through several channels:
1. Fees and Commissions: DoorDash charges commissions on all orders it delivers for restaurants and convenience retailers. When you order food through DoorDash, the restaurant pays a fee to the platform for facilitating the delivery.
2. Subscription Services:
o DashPass: DoorDash offers a premium subscription plan called DashPass, which provides subscribers with benefits like free delivery and reduced service fees.
o DoorDash for Work: This service caters to corporate clients, providing meal delivery solutions for businesses and their employees.
o Drive: DoorDash’s white-label logistics service allows businesses to use its platform for their own delivery needs.
3. DashMart: DoorDash operates DashMart, which is a convenience store that offers a variety of household essentials and snacks. It generates revenue by selling products to customers.
4. Acquisitions: DoorDash has acquired other companies, expanding its portfolio and potentially generating additional revenue.
5. Brick-and-Mortar Store: In addition to its online platform, DoorDash has ventured into physical locations, such as DashMart stores.
6. Catering: DoorDash provides catering services to other businesses, allowing them to order large quantities of food for events or meetings.
7. Advertising: Restaurants can pay for advertising on the DoorDash platform to increase their visibility and attract more customers.
Overall, DoorDash’s business model is built on a three-sided marketplace, connecting users, restaurants, and drivers to facilitate food delivery services.
How does door dash work:
Delivering food to homes and businesses on demand, DoorDash is a food delivery service that collaborates with nearby eateries.
1. Ordering Process:
* Customers use the DoorDash app or website to browse menus from nearby restaurants.
* They select their desired items, customize orders, and place the order.
* DoorDash coordinates with the restaurant to prepare the food.
2. Delivery Process:
* Once the order is ready, a Dasher (a DoorDash delivery driver) picks it up from the restaurant.
* The Dasher delivers the food directly to the customer’s doorstep.
* Customers can track the delivery in real-time through the app.
3. Payment and Fees:
* Customers pay for their orders through the app using various payment methods.
* DoorDash charges a commission to the restaurant for facilitating the delivery.
* Customers may also pay a delivery fee, which varies based on factors like distance and demand.
4. DashPass:
* DoorDash offers a subscription service called DashPass.
* DashPass members enjoy benefits like $0 delivery fees on eligible orders, 5% back on pickup orders, and more.
* It’s free for the first 30 days.
5. Other Services:
* In addition to restaurant delivery, DoorDash offers:
* Grocery Delivery: Customers can shop for groceries and essentials from local stores.
* Convenience Stores: DoorDash delivers snacks, household items, and more.
* Package Pickup: Users can request package pickups for returns.
* Flower Delivery: Hand-picked blooms from local florists.
* Pet Supplies: Pet food, toys, and accessories delivered to your door.
DoorDash is the largest food delivery company in the United States, connecting consumers with their favorite local businesses. Whether you’re craving pizza, Chinese takeout, or groceries, DoorDash brings it all to your doorstep!