1 Super Stock Down 27% You'll Want to Buy on the Dip, According to Wall Street
DoorDash (NASDAQ: DASH) is the most popular food delivery platform in America, but it has also expanded into the grocery and retail categories over the last few years, which is really starting to pay off. The company is coming off a strong year in 2024, with a record number of users, record revenue, and record profits.DoorDash stock has soared by 77% from its 52-week low, but it remains 27% below its all-time high, which was set during the tech frenzy in 2021. The majority of the analysts tracked by The Wall Street Journal think the recent recovery will continue, and they have assigned the highest-possible buy rating to the stock. They might be right over the long term, but there is one thing investors should be wary of before buying into the DoorDash story.Continue reading
DoorDash (NASDAQ: DASH) is the most popular food delivery platform in America, but it has also expanded into the grocery and retail categories over the last few years, which is really starting to pay off. The company is coming off a strong year in 2024, with a record number of users, record revenue, and record profits.
DoorDash stock has soared by 77% from its 52-week low, but it remains 27% below its all-time high, which was set during the tech frenzy in 2021. The majority of the analysts tracked by The Wall Street Journal think the recent recovery will continue, and they have assigned the highest-possible buy rating to the stock.
They might be right over the long term, but there is one thing investors should be wary of before buying into the DoorDash story.
