This Magnificent Stock Is Up 370% From Its 2022 Low -- 2 Reasons to Buy It Now, and 1 Reason to Steer Clear
DoorDash (NASDAQ: DASH) operates the most popular food delivery platform in the United States. Its stock has soared by 370% since it bottomed in 2022 during the S&P 500 (SNPINDEX: ^GSPC) bear market, as the company has drastically expanded its service offerings and its global footprint.If DoorDash stock can gain another 22%, it will reclaim its all-time high, which was set during the tech frenzy in 2021. Can the recovery continue? Here are two reasons to buy shares, and one reason to act with caution.Image source: Getty Images.Continue reading
DoorDash (NASDAQ: DASH) operates the most popular food delivery platform in the United States. Its stock has soared by 370% since it bottomed in 2022 during the S&P 500 (SNPINDEX: ^GSPC) bear market, as the company has drastically expanded its service offerings and its global footprint.
If DoorDash stock can gain another 22%, it will reclaim its all-time high, which was set during the tech frenzy in 2021. Can the recovery continue? Here are two reasons to buy shares, and one reason to act with caution.
Image source: Getty Images.
