Is DoorDash Stock a Buy?
It's easy to assume the worst of DoorDash (NYSE: DASH) as an investment opportunity. Although the coronavirus pandemic has increased use of the restaurant delivery service, shares are down 27% from their first-day closing price in December, and they're off nearly 50% from the all-time high hit early this year. Last quarter's earnings beat snapped the stock's sell-off, but the share price has remained stagnant since that day's surge. Profits are still elusive for the company despite incredible revenue growth -- investors have been burned by similar stories in the past.
While it remains to be seen when or even if DoorDash can get and stay in the black, at the stock's present price, there's enough hope for certain investors to take a shot.
Quick! What do Groupon, GoPro, Fitbit, Blue Apron, and Lyft have in common?
Source Fool.com
