![]() ![]() ![]() DoorDash’s biggest cost is related to its delivery partners and this number is variable, rising in proportion with the number of orders, giving the company little leverage. ![]() So is DoorDash stock a buy at about $161 per share currently? While the recent correction certainly makes the stock more palatable for investors looking to play the delivery space, we still have concerns about DoorDash’s valuation (the stock trades at over 12x our 2021 revenue estimate) and weak unit economics. That said, DoorDash might actually see demand for its services rise in the near term, if the highly infectious new virus strain results in renewed lockdowns and travel restrictions, people could spend more time at home and order in, rather than heading out to restaurants. confirmed its first case of the Omicron variant of the novel coronavirus, which is believed to be much more transmissible and could evade the immune response provided by vaccines. Moreover, the broader markets have also seen some weakness, as the U.S. Firstly, investors have likely been reducing exposure to high-growth technology stocks due to rising inflation and an increasingly hawkish stance by the Federal Reserve, which has indicated that it could consider speeding up the tapering of its large-scale bond-buying at its next meeting. There are a couple of factors driving the recent sell-off. (Photo illustration by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty ImagesĭoorDash stock (NYSE: DASH) has declined by about 11% over the past week and remains down by almost 35% from its early November highs. Numbers show that the Covid-19 pandemic resulted in a significant increase of meals ordered online through food delivery apps and websites. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.DoorDash app logo is displayed on a mobile phone screen photographed for illustration on a plate and. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough July 3, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.26% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Zacks Style Scores Education - Learn more about the Zacks Style Scores That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. ![]()
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