2024-07-07 22:48:42 ET
Summary
- DoorDash has experienced impressive revenue growth, with orders and Marketplace GOV increasing significantly over the past few years.
- The company's bottom line has shown signs of improvement, with net losses narrowing and operating cash flow and EBITDA increasing.
- Despite strong growth potential in the online food delivery market, DoorDash's shares are currently considered pricey, leading to a 'hold' rating.
There is a very high probability that you have heard of a company by the name of DoorDash ( DASH ). In case you haven't, the firm operates a platform that allows its users to order, for quick delivery, food from restaurants, as well as goods from convenience stores, retail establishments, and more. Over the past few years, the business has really grown at a rapid pace. As impressive as its top line expansion has been, its bottom line improvement has been even more remarkable. To be clear, the company still has some issues it needs to sort through. But I have no doubt that the future for the enterprise looks promising....
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DoorDash: Stellar Performance Does Not A 'Buy' Make