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DASH

DoorDash, Inc.

https://www.doordash.com

Industry

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DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

Open

180.55

Mkt cap

77B

Volume

6.1M

High

186.21

P/E Ratio

632.76

52-wk high

215.25

Low

180.55

Div yield

N/A

52-wk low

99.32

Jefferies analyst Brent Thill has upgraded DoorDash (NYSE:DASH) from Underperform to Hold and raised the price target from $70 to $90.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:59 am

DoorDash's (NYSE:DASH) short percent of float has fallen 12.65% since its last report, with 13.05 million shares sold short, which is 3.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards DoorDash. Compared to its peers, DoorDash has less short interest as a percentage of float, with an average of 8.41%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:00 pm

DoorDash (NYSE:DASH) drivers have been reportedly using accounts registered under false names to make deliveries, leading to customer confusion and potential security risks. The revelations surfaced through TikTok videos and firsthand accounts. This raises safety concerns as drivers operating under different accounts may not have undergone the mandatory criminal background checks. DoorDash confirmed it verifies driver identities through government-issued photo IDs and maintains a “zero-tolerance” policy for account sharing.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 7:41 am

Benzinga's options activity scanner has identified significant trading activity in the options of 10 consumer discretionary stocks. The stocks include Tesla (TSLA), General Motors (GM), Carvana (CVNA), Vera Bradley (VRA), Five Below (FIVE), Best Buy (BBY), PVH Corp (PVH), Bowl America (BOWL), DoorDash (DASH), and Home Depot (HD). The options activity ranged from bullish to bearish, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:35 pm

Uber Eats is planning to introduce an AI-powered chatbot to help users decide their next meal, according to a Bloomberg report. The AI Assistant is designed to help users find relevant restaurant dishes. Uber's CEO, Dara Khosrowshahi, had previously mentioned the company's work on an AI chatbot. Competitors like DoorDash and Instacart are also integrating AI tools into their apps. Uber Eats accounts for nearly one-third of Uber's revenue.

Portfolio Pulse from Aaron Bry

August 28, 2023 | 7:13 pm

DoorDash, Inc (NYSE:DASH) is introducing AI-driven voice ordering to its platform to optimize restaurant support and boost sales. This comes after Uber Technologies, Inc (NYSE:UBER) integrated AI into the voice-ordering feature of Uber Eats. DoorDash currently holds 65% of food-delivery sales in the U.S.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 6:18 pm

Benzinga's options activity scanner has identified significant trading activity in the options of 10 consumer discretionary stocks. The stocks include Tesla (TSLA), XPeng (XPEV), Farfetch (FTCH), Rivian (RIVN), PulteGroup (PHM), Carvana (CVNA), Nike (NKE), Royal Caribbean (RCL), Booking Holdings (BKNG), and DoorDash (DASH). The options activity includes both call and put options, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 5:35 pm

Online grocery delivery service, Instacart Inc, is reportedly preparing for an initial public offering (IPO) by September. The company had previously hinted at going public in 2022, partnering with Goldman Sachs Group Inc and JPMorgan Chase & Co, but delayed plans due to a downturn in the IPO market. Instacart's valuation was previously estimated at $24 billion, but has been revised to around $13 billion.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 12:52 pm

DoorDash Canada and Staples Canada have announced a nationwide partnership to provide on-demand delivery of back-to-school and workplace essentials. The partnership will give customers access to over 290 Staples locations and over 38,000 back-to-school essentials via the DoorDash app. DoorDash is also offering a promotion of 30% off orders $25+ (up to $10) until August 30 from select retailers. Products are also available via DashPass, DoorDash’s subscription program that offers $0 delivery fees on eligible orders.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 2:22 pm

Blue Shield of California ends its partnership with CVS Health's Caremark and partners with Amazon for at-home drug deliveries. Alphabet's Verily Life Sciences intensifies cost-cutting measures. Microsoft-backed OpenAI acquires Global Illumination. Petco expands partnership with DoorDash. Ball Corp plans to sell its aerospace business. Tesla's autopilot system is under scrutiny again. Novo Nordisk's Wegovy could potentially prevent 1.5 million heart attacks and strokes over ten years. Tyson Foods plans to divest its China poultry business. Walmart and Bilibili report strong Q2 earnings while Tapestry and Lenovo miss estimates.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 1:38 pm

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