2024-02-20 11:53:19 ET
Summary
- 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.
- Trading at just ~4x FY24 revenue, DoorDash is still trading at modest multiples considering the many growth catalysts under its belt.
Even though the stock market remains quite expensive with an S&P 500 that keeps hovering around 5,000, I'm still on the lookout for high-quality growth business - especially when they stumble during earnings season....
Read the full article on Seeking Alpha
For further details see:
DoorDash: Buy The Dip