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Doordash stock price dipped 2% today to $111.90 as part of a tech-led selloff. Despite short-term weakness, Wall Street sees potential upside if the company sustains double-digit order growth through mid-year. The original partnership between the two companies began in 2022, and until recently, DoorDash was delivering a limited assortment of items: specifically, sushi from 900 Kroger stores and flowers from 1,700 Kroger stores. Starting October 1, DoorDash will begin offering delivery of Kroger’s full grocery assortment from all of Kroger’s 2,700 US stores. The consensus EPS estimate for the quarter has been revised 0.53% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Doordash stock price closed at $113.10 with intraday volatility driven by speculative trading. Long-term investors remain focused on operational efficiencies and potential margin expansion in
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Doordash Stock Price AI chip demand is still booming, especially in data centers and model training. As long as the AI wave continues, the stock has solid long-term upside potential.
The valuation looks high, but Doordash Stock Price earnings growth seems to justify it. Short-term volatility aside, I’m still bullish in the long run.
The market might have priced in too much future growth already. Doordash Stock Price stock could face some short-term correction after such a strong rally.
With the next-gen GPU lineup performing exceptionally well, continued enterprise demand could push Doordash Stock Price to new all-time highs next year.
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