Why DoorDash Could Be a Multibagger Stock
Doordash (NYSE: DASH) may not get the attention of bigger food delivery stocks like Uber (NYSE: UBER) Eats in the delivery space, but it could be one of the most influential companies of the next decade. After starting with food delivery, DoorDash will now deliver alcohol, convenience store items, and more.
The reason I think this could be a great stock in the long term is how focused management is on building scale in its market. The $8 billion price tag it paid for Wolt may have seemed like a big one, but it shows how the company sees the need to build scale in its segment of the market, not only in the U.S. but around the world.
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Source Fool.com
