DoorDash Launches New Programs to Support Dashers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2024
0mins
Should l Buy DASH?
DoorDash Inc. shares fell 4.79% and hit a 52-week low amid broader market weakness, with the Nasdaq-100 down 1.13% and the S&P 500 down 0.85%.
The company recently launched an emergency relief program for Dashers, offering a 10% cashback on gas purchases and weekly relief payments for eligible drivers. Additionally, the new 'Tasks' program allows couriers to earn extra income by completing digital assignments, enhancing their income potential and responding to market demand.
These initiatives aim to alleviate financial burdens on Dashers and strengthen DoorDash's competitive position in the market, especially as gas prices continue to rise.
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Analyst Views on DASH
Wall Street analysts forecast DASH stock price to rise
21 Analyst Rating
18 Buy
3 Hold
0 Sell
Strong Buy
Current: 148.010
Low
224.00
Averages
278.67
High
330.00
Current: 148.010
Low
224.00
Averages
278.67
High
330.00
About DASH
DoorDash, Inc. is engaged in providing services that reduce friction in local commerce and help merchants connect with consumers in their communities. The Company's primary offerings include the DoorDash Marketplace and the Wolt Marketplace (together, the Marketplaces), and its Commerce Platform. The Company's Marketplaces operate in over 30 countries across the globe and provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers advertising as a value-added service through its Marketplaces to help merchants and consumer packaged goods companies increase consumer engagement. The Company also has offsite advertising capabilities. Its white-label delivery fulfillment services include DoorDash Drive On-Demand and Wolt Drive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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