7/29/2023 0 Comments Door dash stock symbolDoorDash did a lot of things right to spark a 25% pop in total gross order volume year over year. DoorDash Reports Solid Quarter Shares Sink AnywayĭoorDash just came off a decent result, yet not decent enough to help the stock resist the downward pressure applied by broader markets. Moreover, the firm has many growth levers it can pull as it looks to become even more dominant. While I'm no fan of the fallen pandemic beneficiaries, I like DoorDash, as management continues leveraging its strong network effect. Continued strength in numbers suggests the lockdown-era usage of DoorDash has led to a habit that'll outlast the pandemic. Wall Street analysts are staying bullish on the stock, and I think they'll be proven right over the longer run.ĭoorDash isn't just a pandemic one-hit-wonder. The 10 analysts offering 12-month price forecasts for CHH have a positive outlook for the stock, with all estimates predicting a rise in price.Though higher rates will likely continue to dictate the trajectory of most stocks, I do view DoorDash as one of the fallen high-multiple tech plays that's worth a second look. This represents a +7.14% increase from the last price of $113.88. ![]() On June 1, 2023, Choice Hotels International Inc (CHH) had a median target price of $122.00, with a high estimate of $140.00 and a low estimate of $113.00. Choice Hotels International Inc (CHH) Analysts Predict Positive Outlook with Median Target Price of $122.00 by 2023 CHH is set to report its next earnings on August 3, 2023, with analysts forecasting an EPS of $1.68 for the quarter. The company has shown impressive earnings and revenue growth rates, but its high P/E, price/sales, and price/book ratios may indicate that the stock is overvalued. CHH is a hotel and resort company with a market capitalization of $5.9 billion. On June 1, 2023, CHH stock opened at $113.04 and closed at $114.15, with a trading volume of 182,859. Show more CHH Stock Update: Impressive Growth Rates but Overvalued? Additionally, DoorDash has a Smart Score of 4 based on an analysis of eight unique data sets, including analyst recommendations, crowd wisdom, and hedge fund activity. In terms of financial highlights and ratios, DoorDash has a price to book ratio of 6.57, a price to sales ratio of 4.37, and a price to cash flow ratio of 61.40. ![]() The current price of DASH is up 3.43% at $67.53, and the RSI indicator suggests that the underlying stock may be approaching overbought. The option open interest in DASH climbed 3.2% to 384,346 contracts, which is above its 52-week average of 277,531. Specifically, there were seven puts for a total amount of $3,528,247 and five calls for a total amount of $519,010. ![]() Of the overall trades, 41% of investors opened with bullish expectations and 58% with bearish. ![]() Recent options history for DoorDash indicates that whales have been targeting a price range of $45.0 to $70.0 over the last three months. Despite high operating costs, a SWOT analysis of DoorDash reveals that the company has significant strengths, including a strong brand, a large customer base, and a diversified revenue stream. This food delivery company operates in four international markets and boasts a market capitalization of over $50 billion. As of June 1, 2023, DoorDash is a publicly traded company under the symbol DASH on the New York Stock Exchange.
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