$DASH, DoorDash, reported strong results with accelerating volumes in grocery and international sectors, market share growth, and improved EBITDA and margins for the second half. Despite a 39-cent per share loss, the stock fell over 9.5% post-market. Truist Research sees the sell-off as a buying opportunity with a price target of $140. Fox Advisors CEO praises the stock's performance. DoorDash operates in a $350B restaurant delivery market with only 6% penetration.
$DASH the market for restaurant delivery is $350B and only 6% penetration has been achieved - video! https://t.co/HY04JpTfNm https://t.co/gSMA74JgSF
The fourth quarter capped another successful year. Fannie Mae reported $3.9 billion in net income, marking our twenty-fourth consecutive quarter of positive earnings Since they have been able to retain all their earnings, their net worth has exploded higher since 2019, not bad… https://t.co/ojfxsQDYFC
The $FFH.TO CC went well. I appreciated when the NBF analyst asked if there was upside to the $2b of investment income, Prem explained that $4b in total operating earnings is conservative. $FRFHF market cap is < $24b. https://t.co/uUNvdVbI4W https://t.co/nKIsVP9nCC
"Greed is good on Wall Street," Fox Advisors CEO Steven Fox says on $DASH Q4 earnings. "The stock has done tremendously well." https://t.co/EHuaI9p8Fp
DoorDash $DASH Truist Research has Buy the Dip p/t $140. "stock's sell-off after hours, which we view as a buying opportunity, is due in our view to a virtually inline guidance for a company that usually beats & raises ests" https://t.co/t9DA28oU9w
DoorDash earnings: The delivery giant reported a 39-cent per share loss, sending shares down more than 9.5% in the post-market. https://t.co/cectixnigK
$DASH: I get it's a hard valuation to get around but results are amazing: Vols accelerated q/q in grocery/intl, "seeing economy improving" and mkt share growth, 2nd half EBITDA and margins higher vs 1st. Hard to ignore this trend of where we are going esp from Gen Y and Z.