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DoorDash ( (DASH) ) has issued an update.
On February 11, 2025, DoorDash announced a $5 billion share repurchase program, which includes $876 million remaining from a previous authorization. This strategic move aligns with its capital allocation strategy and reflects confidence in its financial health, while allowing flexibility based on market conditions. Additionally, DoorDash reported its 2024 financial results, highlighting a 24% revenue growth year-over-year and achieving its first full year of positive GAAP net income. The company’s focus on improving efficiency and expanding its marketplace offerings has led to increased monthly active users and higher average order frequency, strengthening its position in the market.
More about DoorDash
DoorDash, Inc. operates in the food delivery industry, providing services that connect customers with local restaurants and merchants. The company focuses on improving operational efficiency and expanding its product offerings across various verticals to support local economies.
YTD Price Performance: 12.88%
Average Trading Volume: 2,654,391
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $81.23B
Find detailed analytics on DASH stock on TipRanks’ Stock Analysis page.
