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DoorDash, Inc.

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$46.2 billion USD

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New York Stock Exchange

Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022,...

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[email protected] (Anthony Di Pizio) - DoorDash Delivered More Than Food and Groceries in the Latest Quarter, but Here's Why Its Stock Sank

America's favorite food delivery platform is sacrificing growth in search of profitability.

Related tickers: DASH.

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Anusuya Lahiri - Uber's Low Growth-Adjusted Multiple Creates An Attractive Entry Point: Morgan Stanley

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on Uber Technologies, Inc (NYSE:UBER) with a price target of $90. Nowak flagged that UBER’s growth-adjusted multiple is now lower than Lyft, Inc (NASDAQ:LYFT) and Maplebear Inc (NASDAQ:CART), which creates an attractive entry point. He highlighted that this pullback has come as investors need more confidence in upward revisions. At the same time, fears around Robotaxi and autonomous driving disruption have re-emerged following the release of Tesla Inc’s (NASDAQ:TSLA) new autonomous capabilities and the announcement of its Robotaxi event on August 8. Also Read: Tesla’s Robotaxi Plans: Potential Threat Or Future Partner For Uber? Nowak noted ...Full story available on Benzinga.com

Related tickers: FPX, CART, TSLA, UBER, LYFT, MILN, DASH, DIDIY.

Read Full Article

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