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Door dash stock1/4/2024 ![]() ![]() Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. I declare that I do hold positions in DoorDash. DoorDash (NASDAQ: DASH) is a technology company that connects consumers with their favorite local businesses in more than 25 countries across the globe. Currently the stock is at the low end of its 52-week range, and 50% below the 52 Wk avg, the stock is positioned for a spike after earnings on the 16th, and I believe it will continue to climb thereafter. I believe that the 1 year target of $212 is a conservative number. Curr Assets of $4.7B and Curr Payables of $700Mi, they are well positioned with strong capitalization, solid growth and sustainable cash flow. They are on track to reach $5B+ this year, that is over 30%-40% Y/Y. Looking at the financial position: at $33B Cap, it generated $3B Rev last year. I believe DoorDash has a better model and more effective value proposition. We are shifting our habits toward connivance. ![]() Thus, it will not be affected by the reopening of indoor dining, and/or laxing of mask mandates. It’s about conveniently getting anything I desire to eat that day/night delivered, without having to drive and pick it up. Its about convenience not substitution to a sit-down restaurant. When I stop by any fast foods, Coffee shops, restaurants…, I see DoorDash pickup space reserved for Dashers, and the list is growing constantly. DoorDashs average sell-side price target is 109.29, which suggests that the companys shares could potentially rise by +52 as compared to its last done stock price of 71.76 as of July 25, 2022. The demand for DoorDash is built around convenience and growth. Personally, I view DASH favorably from two prospective, business model and financial position. In a day or two, the same investors will be jumping back in. I feel that the drop is a normal reaction from nervous investors trying to deal with the anxiety of interest rate hikes and inflation numbers. ![]()
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