DoorDash is Likely to be Accumulated Again Following its S&P 500 Inclusion
BofA sees index inclusion with a price target of $245 (Buy) as a catalyst
In the USA, 94 of the 100 largest restaurants are already being served
Reading Time: 1 minute
DoorDash (DASH) has a good chance of rallying back to its 52-week high with relative strength in the struggling US market following its announced inclusion in the S&P 500 index. The company is primarily known for delivering online restaurant orders, and new product categories accounted for 25% of orders last year. A new partnership with The Home Depot has emerged. International expansion still offers significant potential. 800 million people are reached globally, with only 12% actually placing orders. According to data analyses, DoorDash...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
