We value DoorDash at about 10x projected 2020 Revenues, translating into a total valuation of about $28 billion or about $88 per share. 30) as saying that the IPO is seeing good demand heading into in road shows, boosting DoorDash’s likely valuation to a range of $25. The Wall Street Journal quoted unnamed sources Monday (Nov. Leading food delivery app DoorDash is looking to raise up to $2.8 billion in its IPO, giving it a valuation of up to $32 billion on a fully diluted basis, the company revealed in a new filing.Find out whether DoorDash is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health. Valuation is complex, but we're helping make it simple.DoorDash will become the latest gig economy company to go public. DoorDash, whose last private valuation was $16 billion, has raised $2.5 billion. As the pandemic ends and inflation kicks in, the tailwinds are flipping to headwinds. Summary DoorDash has been unable to generate significant profits in a highly favorable environment.While this multiple is well ahead of Grubhub (NYSE:GRUB). We value DoorDash at about 10x projected 2020 Revenues, translating into a total valuation of about $28 billion or about $88 per share.The company lost around $450 million in 2019, according to two people with knowledge of the. The pressure is high for DoorDash, which private investors valued at $12.7 billion last year.A deeper look into valuation multiples will reveal that DoorDash is priced unreasonably in terms of the company's fundamentals and relative to competitors.
#Dash stock forecast full#
aro liquidation inc Price vs Fair Value Sustainability Trailing Returns Financials Valuation Operating Performance Dividends Ownership Executive NYSE: DASH Show Full Chart Chart Data Not Available Last close prices. DoorDash is available in more than 7,000 cities across four countries.On-Demand Business Valuations. In late 2022, DoorDash reported having a record breaking 34 million active users. DoorDash has nearly two thirds of the food delivery market share. The devaluation, part of a broader trend that has hit a variety of growth-stage startups across the globe in the past year, raises uncertainties about whether Reddit will maintain its initial.Availability Market Share vs Competitors DoorDash Key Statistics DoorDash’s reported revenue in 2022 was $6.58 billion. DoorDash is reportedly seeing its estimated valuation rise to some $28 billion as the food delivery platform moves ahead with its long-awaited initial public offering (IPO).Uber Eats has aggressively invested in marketing and could easily bring immense pressure to the defending market leader. Furthermore, the firm can scale up its services to explore options for pickups, convenience store pickups, and liquor delivery.Īt the same time, the competitive threat posed by firms like Uber Eats cannot be ignored. Generally, DoorDash prospects look positive considering the company is a leading food delivery platform in the United States. Interestingly, half of the analysts recommend buying the DASH stock while the rest are for holding. Wall Street analysts projection of DASH stock. The average price target represents about a 4% change from the last price. The analysts provide an average price target is $229.21 with a high forecast of $270.00 and a low forecast of $183. Wall Street analysts projection of DASH stockĮlsewhere, 16 Wall Street analysts have offered a 12-month price target for DoorDash. Overall, the stock has been on an upward trajectory with a handful of catalysts that will potentially push its stock to new highs. However, It is trading near the high of the range. In the last month, DASH has been trading between the range of $187 to $220, which can be considered quite broad.
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