1/1/2024 0 Comments Door dash stock forecast![]() ![]() In 2022, the firm generated 53.4 billion in gross order volume (up. The company said it expects adjusted EBITDA between $85 million and $120 million during the fourth quarter. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers. Gross order value measures how much users are spending on orders and subscription fees. That's also an increase from the third quarter, when gross order value jumped 30% year-over-year to $13.5 billion. For the current quarter, it forecast gross order value to be between $13.9 billion and $14.2 billion, which is higher than consensus estimates of $13.73 billion, according to StreetAccount. DoorDash Inc - Class A Stock Forecast, 'DASH' Share Price Prediction Charts Is 'DoorDash Inc - Class A' a Good Investment Current price today: 78. Major food delivery companiesincluding DoorDash, UberEats, and GrubHub are suing New York City over a new law that raises the. The stock also remains up by about 8 over the last. There are more than 60,000 delivery workers in New York City. Some restaurant chains have reported weaker sales or declining traffic in recent months, suggesting consumers may not be dining out as much in order to save money.ĭoorDash said it anticipates the strength of consumer spending to be consistent throughout the rest of the year. DoorDash stock (NYSE: DASH) has gained about 4 over the last week, outperforming the S&P 500 which remained roughly flat over the same period. ![]() The solid order numbers defy concerns of a slowdown in food deliveries, as historic levels of inflation hit consumers' wallets. It reported a net loss of $101 million, or a loss of 30 cents per share, in the year-ago period. However, its net loss widened to $295 million, or a loss of 77 cents per share. Personal Loans for 670 Credit Score or LowerĭoorDash said the total number of orders it delivered in the third quarter rose 27% to 439 million, which topped Wall Street's expectations of 433 million orders, according to StreetAccount. Personal Loans for 580 Credit Score or Lower ![]() The median estimate represents a -3.19 decrease from the last price of 77.47. Best Debt Consolidation Loans for Bad Credit Stock Price Forecast The 27 analysts offering 12-month price forecasts for DoorDash Inc have a median target of 75.00, with a high estimate of 105.00 and a low estimate of 40.00. ![]()
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