DoorDash Stock: Bear vs. Bull
DoorDash's (NYSE: DASH) stock price jumped 8% on Nov. 4 after the company posted its third-quarter earnings report. The food delivery service provider's revenue rose 33% year over year to $1.7 billion, accelerating from its 30% growth in the second quarter and beating analysts' estimates by $70 million. Its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 1% to $87 million. But on a GAAP (generally accepted accounting principles) basis, its net loss widened from $101 million to $296 million, or $0.77 per share, which missed the consensus forecast by $0.12.
DoorDash's growth rates seemed to satisfy investors, but its stock remains roughly 50% below its IPO price and nearly 80% below its all-time high. Let's review the bear and bull cases to see if its stock is still worth buying.
Image source: DoorDash.
Source Fool.com
