![]() Therefore, when looking at DASH from an investing perspective, Khajuria notes there are certain elements to consider at present. Additionally, while Dash is currently the industry leader, the food delivery category is highly competitive, with other players vying for market share in a low margin industry. However, as with many aggressive growth companies, DASH has a “history of operating losses.” And while revenues increased this year, Covid-19 impacted consumers’ eating habits, and the shelter in place mandates played a significant part in the topline growth. Looking at the stock we see that its previous close was 64.94 and the beta (5Y monthly) reads 1.50 with the day’s price range being 64.68 68.34. Additionally, surveys indicate that all participating parties in the food chain – from consumers to merchants to Dashers (i.e., drivers) believe Dash boasts a “strong value proposition.” (NYSE:DASH) traded at 63.67 at last check on Wednesday, May 31, made a downward move of -1.96 on its previous day’s price. As of October 2020, the company had a 50% share of the U.S.’ online food delivery industry – a significant leap from the 17% share it held back in 2018. It doesn’t hurt that DASH is also the category’s clear market leader. Online food delivery services accounted for only 4% of total restaurant spend in 2019, providing the company with “significant runway for growth with powerful secular tailwinds.” (To watch Khajuria’s track record, click here)įor one, there are inroads to be made in a massive TAM (total addressable market) worth $600 billion and still relatively untapped. ![]() ![]() Khajuria anticipates shares to stay range-bound for the foreseeable future, as his $135 average price target indicates. The analyst initiated coverage on DASH with a Sector Perform (i.e. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. RBC analyst Shweta Khajuria came out this week with an answer. DoorDash's average sell-side price target is 109.29, which suggests that the company's shares could potentially rise by +52 as compared to its last done stock price of 71.76 as of July 25.
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