DoorDash Rallies 44% YTD: Should You Buy, Retain or Sell the Stock?
DoorDash(DASH) ZACKS·2024-10-08 22:45
DoorDash's (DASH) shares have surged 43.7% in the year-to-date period compared with the Zacks Internet - Services industry's growth of 18% and the broader Zacks Computer & Technology sector's appreciation of 23.4%. The outperformance can be attributed to strong performance in total orders and Marketplace Gross Order Value (GOV), alongside enhanced logistics efficiency and an increased contribution from advertising. DoorDash is also gaining momentum in new verticals, particularly in the grocery segment, whic ...