DoorDash Stock News

CNBC's Jim Cramer on Thursday told investors food delivery isn't a habit consumers want to break, even as they feel the weight of inflation. He looked at the recent successful quarters from DoorDash, Uber and Instacart-parent Maplebear, saying people seem more willing to spend on these services than other luxuries.

I'm reiterating my buy rating on Dash after its 2Q24 report and confirm my belief that the company is now in its next leg of growth. In my opinion, Dash will continue seeing strong momentum in its grocery offering and I expect it to further improve the top-line in the near term. Management's focus is on 1. Introducing new merchants to the U.S. marketplace in the grocery, beauty, home, etc and 2...

Investors are now worried about the market crashing, with the U.S. 10-year treasury bond finally breaking below a 4% yield for the first time since the Federal Reserve (the Fed) started hiking interest rates to combat inflation and a red-hot economy. The S&P 500 is trading lower by up to 1.5% as weak economic data starts coming in for August.

Marketplace GOV for Q2 2024 exceeded management's guidance, hitting $19.7 billion. Revenue increased 23% year-over-year, totaling $2.6 billion.

As consumers look to cut costs amid ongoing financial pressures, DoorDash is seeing that digital ordering is largely protected from the traffic declines experienced across other channels in the restaurant industry. The San Francisco-based restaurant aggregator shared Thursday (Aug.

Analysts predict more gains for the shares.

DoorDash rallied sharply after posting Q2 results, owing to tremendous order strength as well as margin leverage. The company has vastly expanded its order categories, ranging from groceries to alcohol and sporting goods. Non-food orders are representing a greater percentage of new users. The company is also seeing record additions of DashPass memberships, and is also generating more revenue fr...

DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic.