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2 Big Reasons to Avoid DoorDash Stock

TheMotleyFool

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DoorDash (NYSE: DASH) released its second-quarter earnings report on Aug. 12 and investors responded with disappointment, sending the stock down 5% in after-hours trading.

At face value the company is growing robustly, but there are clear signs of a deceleration in some of its key financial metrics, which should make the bulls a little nervous going forward. Consumers have been deprived of dine-in restaurant experiences because of the pandemic, so now that the economy has reopened they're going out more often rather than ordering from food delivery services like DoorDash.

The company predicts a slowdown next quarter, but let's explore two other reasons to avoid this stock right now.

Source Fool.com

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