DASH - DoorDash: Many Reasons To Be Optimistic After Earnings Drop
2024-05-05 21:00:19 ET
Summary
- DoorDash stock fell nearly 15% after disappointing Q1 earnings, presenting a buying opportunity for long-term investors.
- DoorDash's progress in improving order speed, reducing fees, and expanding its DashPass program makes it a promising long-term investment.
- The company is nearly doubling its adjusted EBITDA y/y, as tertiary revenue opportunities like advertising help to boost its monetization.
For DoorDash ( DASH ), earnings disappointments are nothing new. The stock is quite used to falling after coming up short on certain metrics (this quarter, on profitability) while exceeding in others. A short-term trader can have a bonanza on trading this earnings volatility: but for long-term investors, post-earnings dips are a great chance to buy into this incredible asset at a great price....
DoorDash: Many Reasons To Be Optimistic After Earnings Drop