See the original Spotify Technology Narrative to understand why following along matters: Internal expansion and recent acquisitions could also pressure DoorDash’s short-term margins and draw regulatory scrutiny; for instance, the Deliveroo deal is still under review by the UK's Competition and Markets Authority (CMA). While such regulatory scrutiny may not actually impede the company’s growth in the long-term, scrutiny of any sort always breeds uncertainty, and uncertainty is never bullish. The DoorDash stock forecast incorporates sector M&A speculation, as industry consolidation could increase pricing power. Any strategic acquisitions in 2024 may serve as catalysts for upward revisions in earnings models.
